Stock Price Calculation
December 25th, 2020
Ackert Company’s last dividend was $3.14. The dividend growth rate is expected to be constant at 16% for 2 years, after which dividends are expected to grow at a rate of 6.9% forever.
The firm’s required return (r s) is 11.0%. What is the best estimate of the current stock price?
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Stock Price Calculation
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