Problem 20 Intro A stock just paid an annual dividend of $7.3. The dividend is expected to grow by 4% per year for the n
Posted: Mon Nov 15, 2021 4:59 pm
Problem 20 Intro A stock just paid an annual dividend of $7.3. The dividend is expected to grow by 4% per year for the next 4 years. In 4 years, the P/E ratio is expected to be 22 and the payout ratio to be 60%. The required rate of return is 8%. Part 1 B Attempt 1/3 for 10 pts. What is the intrinsic value of the stock? 0+ decimals Submit