In: Finance
Given the information in the table, what is TODAY’s price of the stock?
Today’s Dividend |
$3.23 |
Discount Rate |
2.00% |
Growth rate in dividends 0 to 1 |
7.00% |
Growth rate in dividends 1to 2 |
3.00% |
Growth rate in dividends 2 to 3 |
4.00% |
Growth rate in dividends 3 onward |
5.00% |