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Combined Communications is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 24 percent a year for the next 4 years and then decreasing the growth rate to 6 percent per year. The company just paid its annual dividend in the amount of $1.30 per share. What is the current value of one share of this stock if the required rate of return is 8.50 percent?

$101.37

$84.09

$80.63

$76.39

$90.13

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91419120

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