Question
You are estimating the fair value of Intel Corporation (INTC) stock. Intel's most recent dividend was $1.40 per share. Suppose that Intel's dividends are expected
You are estimating the fair value of Intel Corporation (INTC) stock.
Intel's most recent dividend was $1.40 per share.
Suppose that Intel's dividends are expected to grow at 8% for the next 3 years.
Your estimate for Intel's sustainable long-term growth rate is 4.8%.
Please show steps using Excel
The discount rate for the stock is 7.5%.
What is the intrinsic value of the stock?
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
6th edition
1305968352, 978-1337635653, 978-1305968356
