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Battles, Inc. just paid an annual dividend of $2.00 a share. The dividend will increase by

Battles, Inc. just paid an annual dividend of $2.00 a share. The dividend will increase by

Battles, Inc. just paid an annual dividend of $2.00 a share. The dividend will increase by 20 percent for the next two years and then increase by 2.5 percent annually thereafter. What is the present value of this stock at a discount rate of 9 percent?

   

$45.42

   

$42.85

   

$39.69

   

$53.65

   

$30.28

Abhinav 03-Dec-2019

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