試題詳解

(5) A company (NTU Ltd) that has paid a dividend of $4 this year. Assuming a higher growth for the next 3 years at 12% and stable growth of 6% thereafter, let's calculate the value of the stock using a two-stage dividend discount model. The required rate of return is 10%.
(A)4.48
(B)5.95
(C)124.33
(D)154.54