Answer to Question #330005 in Marketing for Jacy

Question #330005

Ackert Company's last dividend was $ 6.00. The dividend growth rate is expected to be constant at 2% for 2 years, after which dividends are expected to grow at a rate of 9.0% forever . The firm's required return ( rs) is 17.0 %. What is the best estimate of the current stock price ?

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