Odd mountain development corporation is expected to pay a


Odd Mountain Development Corporation is expected to pay a dividend of $3.00 in the upcoming year. Dividends are expected to grow at the rate of 6% per year. The risk-free rate of return is 5% and the expected return on the market portfolio is 15%. The stock of Todd Mountain Development Corporation has a beta of 0.75. Using the constant growth DDM, the intrinsic value of the stock is _________.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Odd mountain development corporation is expected to pay a
Reference No:- TGS01261078

Expected delivery within 24 Hours