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Assume Highline Company has just paid an annual dividend of $ 0.94. Analysts are predicting an 10.9 % per year growth ra

Posted: Fri Jul 01, 2022 7:42 am
by answerhappygod
Assume Highline Company has just paid an annual dividend of $0.94.
Analysts are predicting an 10.9 % per year growth rate inearnings over the next five years. After​ then, Highline's earningsare expected to grow at the current industry average of 5.3 %per year. If​ Highline's equity cost of capital is 7.8 % peryear and its dividend payout ratio remains​ constant, for whatprice does the​ dividend-discount model predict Highline stockshould​sell ( what is the value of highlines stock) ?