A stock is expected to pay its first $1 dividend in 6 years from now. The dividend is expected to be paid annually forever and grow by 2% pa. The discount rate is 7% pa. Estimate the current stock price. The current stock price should be:
A stock is expected to pay its first $1 dividend in 6 years from now. The dividend is expected to be paid annually forever and grow by 2% pa. The discount rate is 7% pa. Estimate the current stock price. The current stock price should be: