Rune Co.’s checkbook balance on December 31 was $10,000. On that date, Rune held the following items in its safe: $4,000 check p
2 answers:
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Answer:
10.34
Explanation:
This question refers to Dividend Growth Rate with respect to Stock valuation
The model estimates the dividends over a defined period based on an assumed growth rate to determine the future value of the stock.
The formular to calculating the expected value is as follows
Please note:
Expected return and Rate are expressed in percentage i.e divided by 100.
Fitting into the formular:
The resulting answer = 10.34