El Taco Tote just paid a dividend of D₀ = $1.75 per share, and that dividend is expected to grow at a constant rate of 5.50% per year in the future. The company's beta is 1.50, the required return on the market is 9.50%, and the risk-free rate is 3.50%. What is the company's current stock price?

Answer rating: 100% (QA)

Calculating El Taco Totes Current Stock Price We can use ... View the full answer