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Question 7 (7 points) Listen Pharsalus Inc. just paid a dividend (i.e., DO) of $ 3.03 per share. This dividend is expected to grow
Question 7 (7 points) Listen Pharsalus Inc. just paid a dividend (i.e., DO) of $ 3.03 per share. This dividend is expected to grow at a rate of 3.5 percent per year forever. The appropriate discount rate for Pharsalus's stock is 11.5 percent. What is the price of the stock? (Round your answer to 2 decimal places and record your answer without dollar sign or commas). Your Answer:
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Fundamentals of Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
6th edition
0-07-786223-6, 101259095592, 13: 978-0-07-7, 13978125909559, 978-0077862237
