Question
A stock currently sells for $30.50 per share. The stocks dividend is projected to increase at a constant rate of 4.50% per year. The required
A stock currently sells for $30.50 per share. The stocks dividend is projected to increase at a constant rate of 4.50% per year. The required rate of return on the stock, rs, is 10.00%. What is the expected price of the stock 3 years from today?
| $38.68 | ||
| $34.81 | ||
| $33.67 | ||
| $32.83 |
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Personal Finance Turning Money Into Wealth
Authors: Arthur J. Keown
6th Edition
0132719169, 978-0132719162
