At year-end 2019, financial consensus was that the East Asiatics earnings and dividends will grow...
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Finance
At year-end 2019, financial consensus was that the East Asiatics earnings and dividends will grow at 30%, 23.33%, 16.67% and 10% for next four years respectively, after which growth would be 10% forever. Analysts also projected a required rate of return of 20%. The current dividend was $0.50. 24. Value of the East Asiatic stock at the terminal year 4 is
A. $8.58
B. $9.23
C. $10.28
D. $10.84
E. $11.05
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