You are given the following information for a share: - The expected return on the share is
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Question:
You are given the following information for a share:
- The expected return on the share is 14% - The forecast for the next four annual dividends are $3.99, $3.94, $0.54, and $7.25 - After the fourth year, the long-term growth rate of the dividend is 2%
What is the intrinsic value of the share?
how to calculate this sum, Please provide me the solution with detailed explanation
Related Book For
Accounting Principles Part 1
ISBN: 978-1118306789
6th Canadian edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
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