Question GDL just paid a dividend of $4.00 per share. You expect dividend to grow 10% for the next 3 years, 10% the year after that, and then grow at 4% per year forever. If the required return is 10%, what is the price of the stock today?
Question
GDL just paid a dividend of $4.00 per share. You expect dividend to grow 10% for the next 3 years, 10% the year
after that, and then grow at 4% per year forever.
If the required return is 10%, what is the price of the stock today?
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