Question
The company just paid a dividend of $3.00 per share on its stock. The dividends are expected to grow at a constant rate of 4%
The company just paid a dividend of $3.00 per share on its stock. The dividends are expected to grow at a constant rate of 4% per year forever. The required rate of return for this stock is 15% . What is the current stock price?
(Round answers to two decimals, enter your answers without any characters such as "$", or "," such as 1234.78)
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Mathematical Control Theory And Finance
Authors: Andrey Sarychev, Albert Shiryaev, Manuel Guerra, Maria Do Rosário Grossinho
2008th Edition
3540695311, 978-3540695318
