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Can anyone tell me how to calculate this?
Sry for the being stupid"" it is about dividend discount model questions.
Assume that a stock is expected to pay dividend at the end of year 1 and year 2 of 1.25 and 1.56 respectively. Dividend are expected to grow at a 5% rate thereafter. Assume cost of equity is 11%, what is the value if yhe stock?
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頂一下:)
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terminal value at t2=1.56(1.05)/(11%-5%), then discout it back to t0 +pv(d1)+pv(d2)