聞く聞く曲く Editing Comments Tv Ov 囧v ✓ J K L M N о P Q R S T U template -Saved Search for tools, help, and more (Alt + Q) File Home Insert Share Page Layout Formulas Data Review View Help Draw Arial ✓ 10 A A B I U ab D ✓ Gv ab Wrap Merge v General $ ✓ H33 × ✓ fx B с D E F G H 1 Nonconstant growth 2 3 Year 3 Dividend, D3 $1.75 4 Supernormal growth rate, gs 29.00% 5 Normal growth rate, gn 6 Required return, rs 8.00% 16.00% 7 8 9 Dividends 10 Ps 11 12 13 0 0 29.00% 29.00% 8.00% 4 $1.75 Cash flows to common stockholders PV of cash flows to common stockholders 14 Stock Price, Po 15 16 Alternatively, using Excel NPV function: 17 Stock Price, Po 0 0 18 19 20 21 22 23 Dividends Formulas 29.00% 29.00% 8.00% 0 2 3 4 5 6 0 0 $1.7500 #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A 223 24 Ps 25 Cash flows to common stockholders 26 27 PV of cash flows to common stockholders 28 Stock Price, Po 0 0 #N/A #N/A 29 30 Alternatively, using Excel NPV function: 31 Stock Price, Po #N/A 32 34 35 36 37 Sheet1 + Workbook Statistics Give Feedback to Microsoft - 100% + く

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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聞く聞く曲く
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Tv Ov
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J
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N
о
P
Q
R
S
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template -Saved
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File
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Page Layout
Formulas Data Review View
Help Draw
Arial
✓ 10
A A B I U ab D ✓ Gv
ab Wrap Merge v General
$
✓
H33
× ✓ fx
B
с
D
E
F
G
H
1
Nonconstant growth
2
3
Year 3 Dividend, D3
$1.75
4
Supernormal growth rate, gs
29.00%
5
Normal growth rate, gn
6 Required return, rs
8.00%
16.00%
7
8
9
Dividends
10 Ps
11
12
13
0
0
29.00%
29.00%
8.00%
4
$1.75
Cash flows to common stockholders
PV of cash flows to common stockholders
14 Stock Price, Po
15
16 Alternatively, using Excel NPV function:
17 Stock Price, Po
0
0
18
19
20
21
22
23
Dividends
Formulas
29.00%
29.00%
8.00%
0
2
3
4
5
6
0
0
$1.7500
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
223
24 Ps
25 Cash flows to common stockholders
26
27 PV of cash flows to common stockholders
28 Stock Price, Po
0
0
#N/A
#N/A
29
30 Alternatively, using Excel NPV function:
31 Stock Price, Po
#N/A
32
34
35
36
37
Sheet1
+
Workbook Statistics
Give Feedback to Microsoft
- 100% +
く
Transcribed Image Text:聞く聞く曲く Editing Comments Tv Ov 囧v ✓ J K L M N о P Q R S T U template -Saved Search for tools, help, and more (Alt + Q) File Home Insert Share Page Layout Formulas Data Review View Help Draw Arial ✓ 10 A A B I U ab D ✓ Gv ab Wrap Merge v General $ ✓ H33 × ✓ fx B с D E F G H 1 Nonconstant growth 2 3 Year 3 Dividend, D3 $1.75 4 Supernormal growth rate, gs 29.00% 5 Normal growth rate, gn 6 Required return, rs 8.00% 16.00% 7 8 9 Dividends 10 Ps 11 12 13 0 0 29.00% 29.00% 8.00% 4 $1.75 Cash flows to common stockholders PV of cash flows to common stockholders 14 Stock Price, Po 15 16 Alternatively, using Excel NPV function: 17 Stock Price, Po 0 0 18 19 20 21 22 23 Dividends Formulas 29.00% 29.00% 8.00% 0 2 3 4 5 6 0 0 $1.7500 #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A 223 24 Ps 25 Cash flows to common stockholders 26 27 PV of cash flows to common stockholders 28 Stock Price, Po 0 0 #N/A #N/A 29 30 Alternatively, using Excel NPV function: 31 Stock Price, Po #N/A 32 34 35 36 37 Sheet1 + Workbook Statistics Give Feedback to Microsoft - 100% + く
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