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Stetson's current stock price is $38, and its expected dividend was $2.04. In view of Stetson's strong financial position and its low risk, its beta
Stetson's current stock price is $38, and its expected dividend was $2.04. In view of Stetson's strong financial position and its low risk, its beta is only 0.82. The risk free rate is 2.6% and the market risk premium is 5.6%. If dividends are expected to grow at a constant rate of g in the future, then what is Stetson's expected stock price 6 years from now? (6 points)
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