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A stock just paid a dividend of D 0 = $1.50. The required rate of return is R = 10.2%, and the constant growth rate
A stock just paid a dividend of D0 = $1.50. The required rate of return is R = 10.2%, and the constant growth rate is g = 4.0%. What is the current stock price?
| 1. | $20.88 | |
| 2. | $18.87 | |
| 3. | $27.93 | |
| 4. | $25.16 | |
| 5. | $23.65 |
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