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The XYZ Company paid $1.25 dividend yesterday. Its dividend growth rate is expected to be constant at 21.30% for 2 years, after which dividends are
The XYZ Company paid $1.25 dividend yesterday. Its dividend growth rate is expected to be constant at 21.30% for 2 years, after which dividends are expected to grow at a rate of 5.70% forever. Its required return (rs) is 10.70%. What is the best estimate of the current stock price? Round your answer to two decimal places. For example, if your answer is $345.6671 round as 345.67 and if your answer is .05718 or 5.7182% round as 5.72.
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