In one year, a company will pay its annual dividend of $3.2 per share. Then, the company
Fantastic news! We've Found the answer you've been seeking!
Question:
In one year, a company will pay its annual dividend of $3.2 per share. Then, the company will grow its dividends by 2 percent per year indefinitely. Investors require a 10 percent return. What is the current stock price? Answer to the nearest cent and do not include the $ sign. For example, if the price is $100.25, you should enter 100.25 as the answer.
Posted Date: