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University of Pennsylvania - Fundamentals of Finance - MOOC

Does anyone know how to do this question and what the answer is?

Company TYK forecasts that it will begin paying dividends seven years from now, at which point dividends are $1 per share.
Thereafter, dividends are expected to growth at a constant rate of 6% per year. The discount rate for TYK is 10%. How much would you pay for one share in Company TYK?

(The answer isn’t 14.11 btw)
Original post by senndexter
Does anyone know how to do this question and what the answer is?

Company TYK forecasts that it will begin paying dividends seven years from now, at which point dividends are $1 per share.
Thereafter, dividends are expected to growth at a constant rate of 6% per year. The discount rate for TYK is 10%. How much would you pay for one share in Company TYK?

(The answer isn’t 14.11 btw)

If 14.11 is not the answer than whats the correct answer is
What's the correct answer

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