Coca Cola just paid a dividend of $2.61 a share and will pay an annual dividend of
Fantastic news! We've Found the answer you've been seeking!
Question:
Coca Cola just paid a dividend of $2.61 a share and will pay an annual dividend of $2.65 a share on their common stock next year. The company has a dividend policy where it adheres to a constant rate of growth. What is the expected price for one share of Coca Cola stock 9 years from now if your opportunity cost is 18% per year? Round your answer to the nearest penny.
Posted Date: