Year Dividend per share 2019 2018 2017 2016 2015 $2.51 2.28 1.87 1.23 1.57 Assume that the historical annual growth rate of Seagate dividends is an accurate estimate of the future constant annual dividend growth rate. Use a 18% required rate of return to find the value of Seagate's stock immediately after it paid its 2019 dividend of $2.51.

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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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Year Dividend per share
2019
2018
2017
2016
2015
$2.51
2.28
1.87
1.23
1.57
Assume that the historical annual growth rate of Seagate dividends is an accurate estimate of the future constant annual dividend growth rate.
Use a 18 % required rate of retum to find the value of Seagate's stock immediately after it paid its 2019 dividend of $2.51.
SILLE
The value of Seagate's stock is $ 50.81). (Round to the nearest cent.)
Transcribed Image Text:Year Dividend per share 2019 2018 2017 2016 2015 $2.51 2.28 1.87 1.23 1.57 Assume that the historical annual growth rate of Seagate dividends is an accurate estimate of the future constant annual dividend growth rate. Use a 18 % required rate of retum to find the value of Seagate's stock immediately after it paid its 2019 dividend of $2.51. SILLE The value of Seagate's stock is $ 50.81). (Round to the nearest cent.)
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