A company just paid a dividend of $1.95 per share, and that dividend is expected to grow
Fantastic news! We've Found the answer you've been seeking!
Question:
A company just paid a dividend of $1.95 per share, and that dividend is expected to grow at a constant rate of 5.5% per year in the future. The company's beta is 1.65, the market risk premium is 8.5%, and the risk-free rate is 5.50%. What is the company's current stock price?
$12.72 | ||
$13.56 | ||
$14.53 | ||
$15.64 | ||
$16.94 |
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1305637108
6th edition
Authors: Michael C. Ehrhardt, Eugene F. Brigham
Posted Date: