Find a publicly traded stock that pays a dividend. Find an estimate of cash flow (you can use EBITDA or Levered Cash flow - but make sure it is adjusted to be a per share calculation), and
(a) estimate the intrinsic value of the stock using dividends assuming a six percent constant growth rate and that the discount rate is 8% for year 1, 9% for year 2 and 10% in year 3 and after.
(b) estimate the intrinsic value of the stock using cash flows assuming a six percent constant growth rate and that the discount rate is 8% for year 1, 9% for year 2 and 10% in year 3 and after.
(c) compare your results with the actual stock price. Which is closer to the actual price?