Question: Please give answer using financial calculator, or simplest way with the formula , no excel, thanks! Based on its projected required annual rate return of

Please give answer using financial calculator, or simplest way with the

Please give answer using financial calculator, or simplest way with the formula , no excel, thanks!

Based on its projected required annual rate return of 8.20%,ABC Inc. (financed only by equity) expects to pay a $4.90 per share annual dividend in the upcoming year. If their stock is currently priced at $21.70, what would you expect the price to be one year from today? a. $16.00 b. $23.48 c. $18.58 d. $24.65 e. $16.80

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