Business, 14.04.2020 19:21 tshort2000oyreb1

A stock is expected to have a dividend per share of $0.60 at the end of the year (D1 = 0.60). The dividend is expected to grow at a constant rate of 7% per year, and the stock has a required return of 12%. What is the expected price of the stock five years from today? (That is, what is ?)

a. $12.02
b. $15.11
c. $21.15
d. $16.83
e. $15.73

Answers: 1

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A stock is expected to have a dividend per share of $0.60 at the end of the year (D1 = 0.60). The di...

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