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Red, Inc., Yellow Corp., and Blue Company each will pay a dividend of $2.95 next year. The growth rate in dividends for all three companies
Red, Inc., Yellow Corp., and Blue Company each will pay a dividend of $2.95 next year. The growth rate in dividends for all three companies is 4 percent. The required return for each company's stock is 5 percent, 8 percent, and 11 percent, respectively. What is the stock price for each company? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
Stock price Red, Inc. $ Yellow Corp. $ Blue Company $
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