Magnetics required rate of return is 112 and they paid a


Magnetic Corporation expects dividends to grow at a rate of 17% for the next two years. After two years dividends are expected to grow at a constant rate of 6.1%, indefinitely. Magnetic’s required rate of return is 11.2% and they paid a $1.65 dividend today. What is the value of Magnetic Corporation’s common stock per share? (Show your answers to the nearest cent)

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Magnetics required rate of return is 112 and they paid a
Reference No:- TGS02863678

Expected delivery within 24 Hours