Question
CF Lee Inc.s most recent dividend was $3 per share (D0). The dividend is expected to grow at a rate of 7 percent per year.
CF Lee Inc.s most recent dividend was $3 per share (D0). The dividend is expected to grow at a rate of 7 percent per year. The risk-free rate is 2% and the return on the market is 10%. If the companys beta is 1.5, what is the price of the stock today?
| $48.42 |
| $44.41 |
| $43.56 |
| $45.86 |
| $47.53 |
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Entrepreneurial Finance
Authors: Chris LeachJ LeachRonald Melicher
3rd Edition
0324561253, 9780324561258
