Question
Pic-A-Shoes stock currently sells for $45. The stock just paid a dividend of $2.25; that is, D0 = $2.25. The dividend is expected to grow
Pic-A-Shoes stock currently sells for $45. The stock just paid a dividend of $2.25; that is, D0 = $2.25. The dividend is expected to grow at a constant rate of 8% a year. What stock price is expected 1 year from now? Round your answer to the nearest cent. $ What is the required rate of return? Round your answer to two decimal places.
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Bond Markets Analysis And Strategies
Authors: Frank J. Fabozzi
4th Edition
0130402664, 9780130402660
