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The Highfield Company's dividend is growing at a rate of 3.75% every year. It just paid a $3.75 dividend to each share of stocks. The

The Highfield Company's dividend is growing at a rate of 3.75% every year.

It just paid a $3.75 dividend to each share of stocks.

The market required return is 12.5%.

Please calculate Highfield Company's stock price in 10 years.

Multiple Choice

  • $57.11

  • $64.25

  • $61.93

  • $44.98

  • $19.79

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