Your analysis of Toyota Inc. suggests that for the next 4 years, the company will...
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Accounting
Your analysis of Toyota Inc. suggests that for the next 4 years, the company will experience an above average dividend growth rate of 4.0%. After that time, the dividend growth rate will fall to its historical average level of 3.2% and remain there indenitely. If the company just paid a dividend of $2.90 and you require a return of 12.4%, what should current stock price be if it follows the constant growth dividend model?
Work by hand no financial calculator
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