Ackert companys last dividend was 400 the dividend growth


Ackert Company's last dividend was $4.00. The dividend growth rate is expected to be constant at 1.5% for 2 years, after which dividends are expected to grow at a rate of 8.0% forever. The firm's required return (rs) is 12.0%. What is the best estimate of the current stock price?

a. $87.00 b. $89.87 c. $80.31 d. $104.21 e. $95.61

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Ackert companys last dividend was 400 the dividend growth
Reference No:- TGS01732540

Expected delivery within 24 Hours