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South Carolina Technology stock is expected to be priced at $52.70 in 1 year. It is expected to pay its next dividend, which is expected
South Carolina Technology stock is expected to be priced at $52.70 in 1 year. It is expected to pay its next dividend, which is expected to be $1.10, in 1 year. The stock has a beta of 0.50. The market has an expected return of 12.80% and the risk-free rate is 2.80%. What is the current price of South Carolina Technology stock?
$48.89 (plus or minus $0.10)
$46.72 (plus or minus $0.10)
$49.91 (plus or minus $0.10)
$47.70 (plus or minus $0.10)
None of the above is within $0.10 of the correct answer
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