West Coast Oil Discovery (WCOD) just paid a dividend of $4 on its stock. The growth rate of the dividends is expected to be a constant 8 percent per year indefinitely. Investors require a 20% return on the stock for the first three years, and then a 12% return, thereafter. What is the current share price for WCOD stock?
The question belongs to Finance and it discusses about calculation current share price of a company.
Total Word Count 80Download Full Solution