At the end of the year 2016 brown bear corporation paid, Ask an Expert

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At the end of the year 2016 Brown Bear Corporation paid dividends $2.70 per share. The company projects the following annual growth rates in dividends:

Year Growth Rate

2017 13%

2018 13%

2019 13%

2020 9%

2021 9%

2022 6%

From year 2023 onward growth in dividends is expected to remain constant at 2% per year. The required rate of return for this stock is 8.00%.

Calculate the economic value of the stock now (end of the Year 2016).

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92390137

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