Pythagoras jones is a prominent wall street analyst jones


Pythagoras Jones is a prominent Wall Street analyst. Jones recently announced that he expects Right Triangle Design (RTD) to pay dividends of $5, $12, and $13 over the next 3 years. After that he forecasts 4% growth in perpetuity for RTD. If the appropriate discount rate is 5%, what is your forecast for the current value of one share of RTD stock?

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Financial Management: Pythagoras jones is a prominent wall street analyst jones
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