Paradise tours inc just paid a dividend of 350 analysts


Paradise Tours, Inc. just paid a dividend of $3.50. Analysts expect the company's dividend to grow by 35% this year, by 20% in year 2, and at a constant rate of 5% in Year 3 and thereafter. The required rate of return on PTI's stock is 15.00%. What is the best estimate of the stock's current intrinsic value?

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Financial Management: Paradise tours inc just paid a dividend of 350 analysts
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