A firm will pay a dividend of $1.39 next year. The dividend is expected to grow at a constant rate of 3.09% forever and the required rate of return is 10.67%. What is the value of the stock?
A firm just paid a dividend of $2.30. The dividend is expected to grow at a constant rate of 4.33% forever and the required rate of return is 14.32%. What is the value of the stock?