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11) Assume that today is 7/21/22 and you will buy one share of Caroline Chicken Corp common stock six years from today. Caroline Chicken Corp
11) Assume that today is 7/21/22 and you will buy one share of Caroline Chicken Corp common stock six years from today. Caroline Chicken Corp will pay a dividend one year from today (on 7/21/23) of $5.00 per share on its stock. The dividends are expected to grow at a constant rate of 7% per year indefinitely. If you require a 27% return on the stock, what will the price be in six years? (6 years from today)
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