What should be the stocks current price
Problem
Goldman Sachs paid $2 per share over the last 12 months. Dividends are expected to increase at 14% in the next three years, and at 10% thereafter. If the firm's required return is 11%. What should be the stock's current price?
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Goldman Sachs paid $2 per share over the last 12 months. What should be the stock's current price?
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