Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. management of wildhorse, a biotech firm, forecaste

Management of Wildhorse, a biotech firm, forecasted the following growth rates for the next three...

50.1K

Verified Solution

Question

Finance

image

Management of Wildhorse, a biotech firm, forecasted the following growth rates for the next three years: 35 percent, 28 percent, and 22 percent. Management then expects the company to grow at a constant rate of 9 percent forever. The company paid a dividend of $1.30 last week. If the required rate of return is 18 percent, what is the value of this stock? (Round intermediate calculations and final answer to 2 decimal places, eg. 15.20.) Value of stock $ Management of Wildhorse, a biotech firm, forecasted the following growth rates for the next three years: 35 percent, 28 percent, and 22 percent. Management then expects the company to grow at a constant rate of 9 percent forever. The company paid a dividend of $1.30 last week. If the required rate of return is 18 percent, what is the value of this stock? (Round intermediate calculations and final answer to 2 decimal places, eg. 15.20.) Value of stock $

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

340.0  gallons of 15.0 M nitric acid were added to a lake. The initial pH of the...

Chemistry
Q

Working from first principles, derive an expression for the efficiency of an Otto Cycle engine in...

Mechanical Engineering
Q

of resistance R inductance L is connected to a battery is L R R In2...

Physics
Q

A point on the terminal side of an angle ? in standard position is given....

Basic Math
Q

To determine her air quality Denise divides up her day into three parts morning afternoon...

Statistics
Q

The schedule of cost of goods manufactured is divided into four parts consisting of all...

Accounting
Q

Smokestack Lightnin' has received a special order for 100 units of its product at a...

Accounting
Q

The Trister company uses variable costing. There are no beginning or ending inventories You are...

Accounting
Q

please provide a correct answer the...

Accounting
Q

Required information [The following information applies to the questions displayed below.] Lydex Company's financial statements...

Accounting
Q

Which of the following dates is the date that the auditor determines that the audit...

Accounting
Q

Question 13 1 Suppose Bank One offered the following direct spot and forward markets quotes...

Finance