What is the best estimate of the stocks current market


Burke Tires just paid a dividend of D0 = $1.35. Analysts expect the companys dividend to grow by 15% this year, by 20% in year 2, grow by 10% in Year 3 and at a constant rate of 6% in Year and thereafter. The required return on this low-risk stock us 10.00%. What is the best estimate of the stocks current market value?

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Financial Management: What is the best estimate of the stocks current market
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