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Please help me with my homework problem Navel County Choppers, Incorporated, is experiencing rapid growth. The company expects dividends to grow at 19 percent per
Please help me with my homework problem
Navel County Choppers, Incorporated, is experiencing rapid growth. The company expects dividends to grow at 19 percent per year for the next 14 years before leveling off at 4 percent into perpetuity. The required return on the companys stock is 12 percent. If the dividend per share just paid was $1.69, what is the stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
What is the stock price?
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