An analyst is expected to have earnings in ten years of


An analyst is expected to have earnings in ten years of €12 per share, a dividend payout ratio of 50%, and a required return of 11%. At that time, the dividend growth rate is expected to fall to 4% in perpetuity. ?

Estimate the terminal value at the end of ten years using the Gordon growth model.?

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Financial Management: An analyst is expected to have earnings in ten years of
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