The required rate of return for Ola Industries is 15.75 percent. The stock pays a current dividend

Question:

The required rate of return for Ola Industries is 15.75 percent. The stock pays a current dividend of $1.30, and the expected growth rate is 11 percent. Calculate the estimated price.

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...