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New Corp last paid a $150 per share annual dividend The company is planning on paying $162 $168 $175 and $180 a share over the next four years respectively After that the dividend will be

New Corp. last paid a $1.50 per share annual dividend. The company is planning on paying $1.62, $1.68, $1.75, and $1.80 a share over the next four years, respectively. After that the dividend will be a constant $2.00 per share per year. What is the market price of this stock if the market rate of return is 15 percent?

 

Apr 28 2020 View more View Less

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