Q23/24

A share of common stock has just paid a dividend of $3. If the expected long-run growth rate for this stock is 17.2 percent, and if investors require a 27 percent rate of return, what is the price of the stock? $31.88 $33.88 w is O $35.88 O $29.88 O $37.88 The last dividend paid by Klein Company was $6.9. Klein's growth rate is expected to be a constant 8 percent for 3 years, after which dividends are expected to grow at a rate of 3 percent forever. Klein's required rate of return on equity (rs) is 15 percent. What is the current price of Klein's common stock? O $73.34 7 O $71.34 O $75.34 O $67.34 $69.34