Your company is estimated to make dividends payments of $2 next year, $3.6 the year after,...

Your company is estimated to make dividends payments of $2 next year, $3.6 the year after, and $4.6 in the year after that. The dividends will then grow at a constant rate of 7% per year. If the discount rate is 11% then what is the current stock price?

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Expert Solution

Current stock price= $98.06

Calculation as below:

jeff jeffy answered 1 year ago

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