Question
Ewert Enterprises stock currently sells for $35.00 per share. The stocks dividend is projected to increase at a constant rate of 6.00% per year. The
Ewert Enterprises stock currently sells for $35.00 per share. The stocks dividend is projected to increase at a constant rate of 6.00% per year. The required rate of return on the stock, rs, is 15.00%. What is Ewerts expected price 4 years from today?
| A. | 44.19 | |
| B. | 41.69 | |
| C. | 37.10 | |
| D. | 39.33 |
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Personal Finance
Authors: E Thomas Garman, Raymond E Forgue
10th Edition
143903902X, 9781439039021
