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please help! $28.97 is incorrect thanks! Chureh Ine. is presently enjoying relatively high growth because of a surge in the demand for its new product.
please help!
Chureh Ine. is presently enjoying relatively high growth because of a surge in the demand for its new product. Management expeets carnings and dividends to giow at a raie of 22 . for the next 4 years, affer which competition will probably reduce the growth rate in earnings and dividends to zero, ie., g -0 . The company's last dividend, Dor was 81.25 . The requirad return on this stock is 9.60%. What is the current price of the commos stock? Do not round intermediate calculations. 526.57$32.69528.97$23.39527.37 $28.97 is incorrect
thanks!
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