Question
You are investing in a share of stock. The share's most recent dividend was $9.13. The dividend is expected to grow forever at a rate
You are investing in a share of stock. The share's most recent dividend was $9.13. The dividend is expected to grow forever at a rate of 2.53% per year. You require a 8.59% rate of return on the stock investment. What is a fair price (or, value) for this share of stock?
(Answer to nearest $0.01)
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Forecasting Principles And Practice
Authors: Rob J Hyndman, George Athanasopoulos
1st Edition
0987507109, 978-0987507105
