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Greshak Corp. paid of dividend on its stock of $3.75 last year. Due to its promising business and marketing strategy, the firm's long-term growth rate
Greshak Corp. paid of dividend on its stock of $3.75 last year. Due to its promising business and marketing strategy, the firm's long-term growth rate is projected to be 6.0%. If the current risk free rate is 1.5% and the required rate of return on Greshak's stock is 18.0%, what is the best estimate of the firm's stock price? INCLUDE 2 DECIMAL PLACES WITH YOUR ANSWER. YOU MUST SHOW ALL WORK (INCLUDING FINANCIAL CALCULATOR KEYSTROKES) TO RECEIVE CREDIT.
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