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ITC Question 22 Not yet answered Marked out of 1.00 P Flag question Propulsion Sciences' (PS) stock dividend has grown at 0.09 percent per year for as long as anyone can remember. Investors believe that a year from now the company will pay a dividend of $6 and that dividends will continue their 0.09 percent growth indefinitely. If the market's required return on PS stock is 0.2 percent, what does the stock sell for today, and how much will it sell for a year from today after the stockholders receive their dividend. what is the price of the stock? Previous page Next page