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At the end of the year 2016 Brown Bear Corporation paid dividends $2.97 per share. The company projects the following annual growth rates in dividends: Year Growth Rate 2017 15% 2018 15% 2019 15% 2020 10% 2021 6% 2022 6% From year 2023 onward growth in dividends is expected to remain constant at 3% per year. The required rate of return for this stock is 9.72%. 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.:- M92791864

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