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A stock is currently priced at $30.6. Its dividend is expected to grow at a rate of 4.9% per year indefinitely. The stock's required return

image text in transcribed A stock is currently priced at $30.6. Its dividend is expected to grow at a rate of 4.9% per year indefinitely. The stock's required return is 8.7%. The stock's predicted price 4 years from now, P4, should be $ Margin of error for correct responses: +/.05 Rounding and Formatting instructions: Do not enter dollar signs, percent signs, commas, X, or any words in your response. Do not round any intermediate work, but round your *final* response to 2 decimal places (example: if your answer is 12.3456,12.3456%, or $12.3456, you should enter 12.35). A stock is currently priced at $30.6. Its dividend is expected to grow at a rate of 4.9% per year indefinitely. The stock's required return is 8.7%. The stock's predicted price 4 years from now, P4, should be $ Margin of error for correct responses: +/.05 Rounding and Formatting instructions: Do not enter dollar signs, percent signs, commas, X, or any words in your response. Do not round any intermediate work, but round your *final* response to 2 decimal places (example: if your answer is 12.3456,12.3456%, or $12.3456, you should enter 12.35)

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