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Arch Coal is one of the nation's leading coal producers, and is headquartered in St. Louis.Arch Coal's most recently paid a dividend was $1.40 per
- Arch Coal is one of the nation's leading coal producers, and is headquartered in St. Louis.Arch Coal's most recently paid a dividend was $1.40 per share (assume it was paid this morning).Arch expects that their dividend will grow by 16% this year, 10% the following year and 8% the year after that.Subsequently, the dividend growth rate will level out at 5%, and is expected to remain at 5% forever thereafter.The required rate of return on this stock is 10.5% per year.What is the price of this stock today?
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