Question
PeteCorp's stock has a Beta of 1.21. Its dividend is expected to be $2.77 next year, and will grow by 4% per year after that
PeteCorp's stock has a Beta of 1.21. Its dividend is expected to be $2.77 next year, and will grow by 4% per year after that indefinitely. Assume the risk-free rate is 4%, and the Market Risk Premium is 8%. The stock price would currently be estimated to be $________
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Corporate Finance A Focused Approach
Authors: Michael C. Ehrhardt, Eugene F. Brigham
8th Edition
0357714636, 9780357714638
