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bananas87 bananas87
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2 months ago
DMC3 Inc. will pay no dividend for the next two years. At the end of three years from now it will pay a dividend of $1.50.  Thereafter dividends will grow at 4% per year.  The required rate of return is 10%.  The intrinsic value of DMC3 shares is

▸ $34.61.

▸ $26.00.

▸ $24.91.

▸ $20.66.
Textbook 

Fundamentals of Investing


Edition: 14th
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parrotheadparrothead
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$20.66.

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