The dividend for Myrtle ordinary shares is expected to be $1.20 next year. Growth in this dividend is expected to be 8%
Posted: Sun May 29, 2022 6:00 pm
The dividend for Myrtle ordinary shares is expected to be $1.20
next year. Growth in this dividend is expected to be 8% for the
following two years, then it is expected to drop to 5% and continue
at 5% to ‘infinity’. If the required rate of return on these shares
is 12 %, what is the approximate current value of the firm’s
shares?
next year. Growth in this dividend is expected to be 8% for the
following two years, then it is expected to drop to 5% and continue
at 5% to ‘infinity’. If the required rate of return on these shares
is 12 %, what is the approximate current value of the firm’s
shares?