Question
HiTech is expected to pay a dividend of $0.25 per share at the end of the year, and that dividend is expected to grow at
HiTech is expected to pay a dividend of $0.25 per share at the end of the year, and that dividend is expected to grow at a constant rate of 4.00% per year in the future. The company's beta is 1.10, the market risk premium is 3.00%, and the risk-free rate is 2.00%. What is the company's current stock price?
A.) 6.25
B.) $19.23
C.) $21.60
D.) $22.7
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Personal Finance
Authors: E Thomas Garman, Raymond E Forgue
10th Edition
143903902X, 9781439039021
