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Smart Industries will pay $3 dividend per share in year 1, $5 dividend per share in year 2, $6 per share in year 3, and
Posted: Thu Apr 28, 2022 1:34 pm
by answerhappygod
- Smart Industries Will Pay 3 Dividend Per Share In Year 1 5 Dividend Per Share In Year 2 6 Per Share In Year 3 And 1 (16 KiB) Viewed 28 times
Smart Industries will pay $3 dividend per share in year 1, $5 dividend per share in year 2, $6 per share in year 3, and $6.5 in year 4, and then it grows at a constant rate of 3.7% thereafter. The required return on this low-risk stock is 8.1%. What is the best estimate of the stock at year 4? (if your price is $12.34. please just enter "12.34").