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Hello, please advise because I keep getting this question only half right. The teacher said there is a correct answer. I know the bottom answer
Hello, please advise because I keep getting this question only half right. The teacher said there is a correct answer. I know the bottom answer is correct the 45.95; however, the top answer is incorrect. For the top I have tried 0.05, 5.00, 5^, and 5. Still it is not correct. Please help.
Partial Question 9 2.5/5 pts Hali's current stock price is $36.00, its last dividend was $2.40, and its required rate of return is 12%. If dividends are expected to grow at a constant rate, g, in the future, and if the required rate of return is expected to remain at 12%, what is Hali's expected stock price 5 years from now? a) The constant growth rate = 5.00 b) Expected stock price 5 years from now = 45.95Step by Step Solution
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