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stranahan stranahan
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7 years ago
Haven, Inc. has an 11.5% required rate of return. It does not expect to initiate dividends for 20 years, at which time it will pay $3.75 per share in dividends. At that time, Haven expects its dividends to grow at 6% forever. What is an estimate of Haven's price in 20 years (P20) if its dividend at the end of year 20 is $3.75? What is its price in today's dollars if you desire a rate of return of 12%?
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
Author:
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flappunctualflappunctual
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7 years ago
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stranahan Author
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#2
7 years ago
Thank you very much for this. It's really helpful.
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#3
6 years ago
thnks it will help me.
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#4
4 years ago
hey thanks
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