ABC Company’s last dividend was $1.8.
June 7th, 2024
ABC Company’s last dividend was $1.8. The dividend growth rate is expected to be constant at 34% for 2 years, after which dividends are expected to grow at a rate of 6% forever.The firm’s required return (rs) is 17%. What is its current stock price (i.e. solve for Po)? round to two decimal points