What is the value of a stock that you believe will sell in three years for...
What is the value of a stock that you believe will sell in three years for $67 a share and will pay $3.00 in dividends next year, and grow dividends at 4% in year 2, and 5% in year 3 assuming your required return is 15%?
Homework Answers
Please refer to below spreadsheet for calculation and answer. Cell reference also provided.
Cell reference -
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What is the value of a stock that you believe will sell in three
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