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Crisp Cookware's common stock is expected to pay a dividend of $2.5 a share at the end of this year (D1=$2.50); its beta is 0.9.

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Crisp Cookware's common stock is expected to pay a dividend of $2.5 a share at the end of this year (D1=$2.50); its beta is 0.9. The risk-free rate is 4.3%. and the market risk premium is 6%. The dividend is expected to grow at some constant rate, 94 and the stock currently seils for $50 a share. Assuming the market is in equilbrium, what does the market believe will be the stock's price at the end of 3 years (l.e. what is P3) ? Do not round intermediate calculations Round your answer to the nearest cent. Crisp Cookware's common stock is expected to pay a dividend of $2.5 a share at the end of this year (D1=$2.50); its beta is 0.9. The risk-free rate is 4.3%. and the market risk premium is 6%. The dividend is expected to grow at some constant rate, 94 and the stock currently seils for $50 a share. Assuming the market is in equilbrium, what does the market believe will be the stock's price at the end of 3 years (l.e. what is P3) ? Do not round intermediate calculations Round your answer to the nearest cent

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