A stock is expected to pay a $4.90 dividend next period. Dividends are expected to grow at a constant rate of 8.8%. If
Posted: Fri Jul 01, 2022 7:50 am
A stock is expected to pay a $4.90 dividend next period. Dividends are expected to grow at a constant rate of 8.8%. Ifthe required return of the stock is 12.0%, what will the intrinsicvalue of the stock be in 11 periods, just after the 11th dividendis paid?