Nachman industries just paid a dividend of d0 132 analysts, Ask an Expert

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Nachman Industries just paid a dividend of D0 = $1.32. Analysts expect the company's dividend to grow by 30% this year, by 10% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The required return on this low-risk stock is 9.00%. What is the best estimate of the stock’s current market value?

a. $43.75

b. $44.87

c. $42.65

d. $41.59

e. $45.99

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91603506

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