Deployment Specialists pays a current (annual) dividend of $1.00

jagguarpaw January 11, 2017 0 Comments

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Question: Deployment Specialists pays a current (annual) div…

Deployment Specialists pays a current (annual) dividend of $1.00 and is expected to grow at 20% for 2 years and then at 4% thereafter. If the required return for Deployment Specialists is 8.5%, what is the intrinsic value of Deployment Specialists stock? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the “$” sign in your response.)

Intrinsic value ………………. $