Question
Womack Toy Company's stock is currently trading at $25 per share. The stock's dividend is projected to increase at a constant rate of 7 percent
Womack Toy Company's stock is currently trading at $25 per share. The stock's dividend is projected to increase at a constant rate of 7 percent per year. The required rate of return on the stock is 10 percent. What is the expected price of the stock 4 years from today?
- A. $36.60
- B. $34.15
- C. $30.63
- D. $32.77
- E. $28.39
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Personal Finance A Practical Approach
Authors: Jane King, Mary Carey
1st Edition
0199668833, 9780199668830
