ts eBook eferences Pharmecology just paid an annual dividend of $1.90 per share. It's a mature company, but future EPS and dividends are expected to grow with inflation, which is forecasted at 3.00% per year. The nominal cost of capital is 9.75%. a. What is Pharmecology's current stock price? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b. What would be Pharmecology's current stock price using forecasted real dividends and a real discount rate? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. a. Current stock price b. Current stock price $ $ 28.99 28.14

Pharmecology just paid an annual dividend of $1.90 per share. It's a mature company. but future EPS and dividends are expected to grow with inflation, which is forecasted at 3.00% per year. The nominal cost of capital is 9.75%. a. What is Pharmecology's current stock price? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b. What would be Pharmecology's current stock price using forecasted real dividends and a real discount rate? Note: Do not round intermediate calculations. Round your answer to 2 decimal places