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A stock is currently priced at $36.9. Its dividend is expected to grow at a rate of 4.6% per year indefinitely. The stock's required return
A stock is currently priced at $36.9. Its dividend is expected to grow at a rate of 4.6% per year indefinitely. The stock's required return is 8.2%. The stock's predicted price 7 years from now, P7, 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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