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Using a two-stage dividend discount model, compute the intrinsic value using the following information about a stock: Current price per share = 23.00 Current annual
Using a two-stage dividend discount model, compute the intrinsic value using the following information about a stock:
Current price per share = 23.00
Current annual dividend per share = 1.88
Annual dividend growth rate for Years 14 = 8.00%
Annual dividend growth rate for Years 5+ = 4.00%
Required rate of return = 12.00%
(Enter your answer as a number with two decimal places, like this: 12.34)
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