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Suppose Coca-Cola Co. just paid a dividend of $2 per share today (year 0), and will make dividend payments per share of $2 in year
Suppose Coca-Cola Co. just paid a dividend of $2 per share today (year 0), and will make dividend payments per share of $2 in year 1, $3 in year 2, $0.5 in year 3, and $1.5 in year 4. After then (in other words, after year 4) dividends will grow at 3.00% per year forever. If the firms equity cost of capital is 7.00%, what is the price per share immediately after paying todays dividend?
Group of answer choices
$35.51
$36.47
$37.51
$29.47
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