Business, 28.08.2020 01:01 davisz23

Fisher Depot just paid an annual dividend of $2.48 per share. Dividends are expected to grow by 7% per year. The required rate of return is 12%.1) What is the best estimate of the current stock price? 2) What is the best estimate of the stock price in 5 years?
3) What is the best estimate of the stock price in 20 years?

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Fisher Depot just paid an annual dividend of $2.48 per share. Dividends are expected to grow by 7% p...