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ABC is expected to pay the following dividends over the next four years: $17.27,$14.91,$12.39, and $6.78. Afterward, the company pledges to maintain a constant 4.40
ABC is expected to pay the following dividends over the next four years: $17.27,$14.91,$12.39, and $6.78. Afterward, the company pledges to maintain a constant 4.40 percent growth rate in dividends forever. If the required return on the stock is 12.11 percent, what is the current share price? (Do NOT include the $ sign. Round your final answer to 2 decimal places, e.g. 110.10) QUESTION 35 You observe a stock price of $18.72. You expect a dividend growth rate of 4.55 percent, and the firm had just paid a dividend of $1.73 per share. What is the required rate of return on this stock? (Do NOT include the \% sign. Enter your answer as a percent rounded to 2 decimal places, e.g. 12.13)
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