Stock Price Assignment

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    Stock Price Assignment

    Question 25 (4 points) Portman Industries just paid a dividend of $3.40 per share. The dividend is expected to grow by 30 percent over the next year. After that, though, Portman’s dividend is expected to grow at a constant rate of 3 percent per year indefinitely. The required rate of return for Portman’s stock is 11 percent. How much is the stock worth? Get Finance homework help today

    Question 25 (4 points) Portman Industries just paid a dividend of $3.40 per share. The dividend is expected to grow by 30 percent over the next year. After that, though, Portman’s dividend is expected to grow at a constant rate of 3 percent per year indefinitely. The required rate of return for Portman’s stock is 11 percent. How much is the stock worth? Get Finance homework help today