Hubbard Industries just paid a common dividend, D0, of $1.90. It expects to grow at a constant rate of 3% per year. If investors require a 11% return on equity, what is the current price of Hubbard's common stock? Do not round intermediate calculations. Round your answer to the nearest cent.

Answer rating: 100% (QA)

The current stock price is 2446 For the current sto... View the full answer