constant growth valuation woidtke manufacturing’s stock currently
Problem 7-3 Constant Growth Valuation Woidtke Manufacturing’s stock currently sells for $21 a share. The stock just paid a dividend of $4.00 a share (i.e., D0 = $4.00), and the dividend is expected to grow forever at a constant rate of 6% a year. What stock price is expected 1 year from now? Round your answer to the nearest cent. ___$ What is the estimated […]