Question
Tesla paid a dividend of $3 last year and the dividend is expected to grow at 12% in the next two years and 13% thereafter.
Tesla paid a dividend of $3 last year and the dividend is expected to grow at 12% in the next two years and 13% thereafter. The required rate of return is 18%. What is the current price of the stock.
| A. | 80 |
| B. | 95 |
| C. | 100 |
| D. | 85 |
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
18th Edition
1119790972, 9781119790976
