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Thames Inc.'s most recent dividend was $2.40 per share. The dividend is expected to grow at 6% per year. The T-bill rate is 5% and
Thames Inc.'s most recent dividend was $2.40 per share. The dividend is expected to grow at 6% per year. The T-bill rate is 5% and the market risk premium is 10%. The company's beta is 1.3. What should be the expected price of the stock three years later? Select one: O a. $60.57 O b. $68.06 c. $29.24 O d. $28.32 e. $25.25
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