Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

answer all three question and put the correct answer format (decimal place) and show step by step answer The market price of a stock is

answer all three question and put the correct answer format (decimal place) and show step by step answer
image text in transcribed
The market price of a stock is $24.30 and it is expected to pay a dividend of $1.49 next year. The required rate of return is 11,50\%. What is the expected growth rate of the dividend? Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, 5 sign noquind. Wa accopt decimai format rounded to 4 decimal places (02:0.0924)) A stock just paid a dividend of $2.67. The dividend is expected to grow at 28.75% for thee years and then grow at 3.59% thereafter. The required return on the stock is 11.54%. What is the value of the stock? Answer format: Currency: Aound to: 2 decimal places. A stock just paid a dividend of $2.67. The dividend is expected to grow at 21.73% for five yaars and than grow at 3.60% thereafter. The required return on the stock is 11.51%. What is the value of the stock? Answer format: Currency: Round to: 2 docimal places

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Basics Of Public Budgeting And Financial Management

Authors: Charles E. Menifield

4th Edition

0761872116, 978-0761872115

More Books

Students also viewed these Finance questions

Question

What are the different techniques used in decision making?

Answered: 1 week ago