Value of future cash flowsa firm recently paid a 090 annual, Ask an Expert

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Value of Future Cash Flows

A firm recently paid a $0.90 annual dividend. The dividend is expected to increase by 12 percent in each of the next four years. In the fourth year, the stock price is expected to be $63.

If the required return for this stock is 14.50 percent, what is its current value? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Current value $

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92409049

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