Question

the dividends of the reisner company are expected to grow at an annual rate of 18 percent for the next 5 years, then at a rate of 12 percent each year for the next 4 years, and thereafter grow at a rate of 5 percent each year. if the reisner company's current dividend is $1.50 per share, and its required rate of return is 11 percent, determine the price of the stock

12 years ago