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Question 28 (1 point) Fourier Company INC, is expecting to grow at 8% for the first 3 years. Then the company is expected to grow
Question 28 (1 point) Fourier Company INC, is expecting to grow at 8% for the first 3 years. Then the company is expected to grow at 7% during the years 4, 5, and 6, Following these supernormal" growths for the first 6 years, the company is expected to have a constant growth rate of 3% thereafter forever. If the dividend that was just paid is $4 and the cost of equity is 6%, what should be the price of the stock of Fourier Company INC. today? (important: please note that there are 3 different growth rates for this question) 174.80 248.42 126.88 363.27
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