Hughes Co. is growing quickly. Dividends are expected to grow at a rate of 22 percent for the next three years, with the
Posted: Sat Feb 26, 2022 9:08 am
Hughes Co. is growing quickly. Dividends are expected to grow at
a rate of 22 percent for the next three years, with the growth rate
falling off to a constant 5 percent thereafter. If the required
return is 12 percent and the company just paid a $2.35 dividend,
what is the current share price? (Do not round
intermediate calculations and round your final answer to 2 decimal
places. (e.g., 32.16))
a rate of 22 percent for the next three years, with the growth rate
falling off to a constant 5 percent thereafter. If the required
return is 12 percent and the company just paid a $2.35 dividend,
what is the current share price? (Do not round
intermediate calculations and round your final answer to 2 decimal
places. (e.g., 32.16))