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5) Estimate the price of a common stock with the following characteristics: A) Pays a regular annual dividend B) Just paid a dividend of $1.21
5) Estimate the price of a common stock with the following characteristics: A) Pays a regular annual dividend B) Just paid a dividend of $1.21 C) Dividends have been growing at a constant annual rate of 4% which is expected to continue D) The appropriate risk-adjusted discount rate is 9.25% B) Using the data from question 5 estimate the price of the stock if the $1.221 dividend is paid semiannually
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