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A stock's last dividend was $2.12 per share and the dividends are expected to grow forever at a constant rate of 4.7% per year. The
A stock's last dividend was $2.12 per share and the dividends are expected to grow forever at a constant rate of 4.7% per year. The risk-free interest rate is 3.6% per year and the market risk premium is 7.1% per year. If the stock's current price is $12.56 per share, what is the stock's intrinsic value per share expected to be in five years? O A) $19.02 B) $16.82 C) $14.53 D) $17.23 E) $15.80
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