A stock, which currently does not pay a dividend, is expected to pay its first dividend of $2.00 per share in six years. After the dividend is established, it is expected to grow at an annual rate of 20 percent per year for the following three years and then grow at a constant rate of 5 percent per year thereafter. Assume that the risk-free rate is 5.5 percent, the market risk premium is 4 percent, and that the stock’s beta is 1.5. What is the expected price of the stock today?

im thinking a but im not 100% sure

explanation:

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.

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answer social mobility;