Question
You are forecasting a stock to pay the following dividends: $3.05 , $6.40 , $4. The dividends will then begin declining at a rate of
You are forecasting a stock to pay the following dividends: $3.05 , $6.40 , $4.
The dividends will then begin declining at a rate of 4.0% for the foreseeable future. What is the intrinsic value of this stock if the required return is 14%?
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Financial Management Theory And Practice
Authors: Eugene F Brigham, Michael C Ehrhardt
11th Edition
0324259689, 9780324259681
