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A share of stock is now selling for $80. It will pay a dividend of $5 per share at the end of the year. Its
A share of stock is now selling for $80. It will pay a dividend of $5 per share at the end of the year. Its beta is 1. What do investors expect the stock to sell for at the end of the year? Assume the risk-free rate is 6% and the expected rate of return on the market is 14%. (Round your answer to 2 decimal places.)
Expected selling price ????
Can you explain this to me please! I keep getting 84.52 after rounding but it's the wrong answer!
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