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AKaA's stock projects the following dividends: Year 1 = $2.22 Year 2 = $3.22 Year 3 = $3.33 Year 4 = $4.01 Year 5 =
AKaA's stock projects the following dividends:
Year 1 = $2.22
Year 2 = $3.22
Year 3 = $3.33
Year 4 = $4.01
Year 5 = $5.50
An Analyst at Goldman Sachs projects the future price of the stock will likely be $75 at the end of 5 years. Assuming an opportunity cost of capital of 15%, at what price would you expect the stock to sell today (rounded to the nearest dollar)?
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