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These are the historical dividend data for a company from Yahoo! Finance. If the discount rate is 12.6 %, what is the stock price for
These are the historical dividend data for a company from Yahoo! Finance. If the discount rate is 12.6 %, what is the stock price for this company assuming it is a constant growth stock. Also, assume you are purchasing the stock on at the end of its fiscal year. Thus, you will pay for dividends starting with next year's dividends. Also, use an annual timeline. (Please make sure to not do any intermediate rounding and keep at least 6 decimal points throughout solving this problem. Round your final answer to three decimal places. For example 1.23450 or 1.23463 will be rounded to 1.235 while 1.23448 will be rounded to 1.234). Nov 20, 2019 0.51 Dividend Aug 14, 2019 0.50 Dividend May 15, 2019 0.46 Dividend Feb 20, 2019 0.46 Dividend Nov 14, 2018 0.46 Dividend Aug 15, 2018 0.42 Dividend May 16, 2018 0.42 Dividend Feb 14, 2018 0.42 Dividend Nov 15, 2017 0.42 Dividend Aug 15, 2017 0.39 Dividend May 16, 2017 0.39 Dividend Feb 14, 2017 0.39 Dividend
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