GDL just paid a dividend of $4.00 per share. You expect dividend to grow 10% for the next 3 years, 10% the year after that, and then grow at 4% per…

GDL just paid a dividend of $4.00 per share. You expect dividend to grow 10% for the next 3 years, 10% the year after that, and then grow at 4% per year forever.

If the required return is 10%, what is the price of the stock today?

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *