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  "documentTitle": "why invest in goldman sachs",
  "authorId": "GoldmanSachs",
  "authorName": "St. John's University Student Managed Investment Fund",
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  "notes": "Contains multiple data tables showing sensitivity analysis of intrinsic value (IV) based on dividend growth rates and different cost of capital inputs (K1, K2).",
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      "text": "Next, assuming a dividend of $5.53 for 2012, we grew his figure by seven different growth rates to estimate 2013 dividends.",
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      "text": "Intrinsic Value: $158.26",
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      "text": "Next, assuming a dividend of $5.53 for 2012, we grew his figure by seven different growth rates to estimate 2013 dividends. Once these figures were calculated, we implemented the DDM to estimate intrinsic values...",
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      "text": "Average Annual Growth Rate (Geometric Average) 8-years: 27.3% 5-years: 22.1% 4-years: 28.3% E [EPS2007] = $29.98 E[Payout2007] = 0.055 E [DPS2007] = $1.65",
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      "text": "DDM Intrinsic Value calculation table (K1)",
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      "text": "Est. DPS2013 table",
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      "text": "Historical DPS table 2007-2012",
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