Business, 21.12.2019 07:31 pineapplepizaaaaa

Nachman industries just paid a dividend of d 0 = $1.32. analysts expect the company's dividend to grow by 30% this year, by 10% in year 2, and at a constant rate of 5% in year 3 and thereafter. the required return on this low-risk stock is 9.00%. what is the best estimate of the stock's current market value?

a. $41.59
b. $42.65
c. $43.75
d. $44.87
e. $45.99

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Nachman industries just paid a dividend of d 0 = $1.32. analysts expect the company's dividend to gr...

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