Calculate the current market value of a share


Celtic Jewelry Designs has experienced recent growth, which is expected to continue at a 6% rate per year forever. Next year, it plans on paying a total cash dividend of $8.75 next year increasing by 5.5% per year thereafter. Calculate the current market value of a share of Celtic Jewelry Designs stock - given annual dividend payments - if the required return on Celtic Jewelry Designs common stock is 10.25%.

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Finance Basics: Calculate the current market value of a share
Reference No:- TGS0557670

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