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Harbour Corporation pays a dividend of $2.21 per year, which is expected to grow at a rate of 2% per year. Harbour has a cost
Harbour Corporation pays a dividend of $2.21 per year, which is expected to grow at a rate of 2% per year. Harbour has a cost of capital of 13%, and an EPS of $4.42. Its competitor, Pallantine Inc.pays a yearly dividend of $1.25 per year, which is expected to grow at arate of 6% per year. Pallantine has an EPS of $6.00. What would be the expected price of Pallantine stock, if estimated using the method of comparables Round to 2 decimal places
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