Discussion Post: PRINCIPLES OF FINANCE
Ackert Company's last dividend was $3.14. The dividend growth rate is expected to be constant at 16% for 2 years, after which dividends are expected to grow at a rate of 6.9% forever. The firm's required return (r s) is 11.0%. What is the best estimate of the current stock price?
The response should include a reference list. Using one-inch margins, Times New Roman 12 pnt font, double-space and APA style of writing and citations.