Sky High Co. just paid a dividend of $3.7 per share on its stock (D 0 ).
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Question:
Sky High Co. just paid a dividend of $3.7 per share on its stock (D0). The dividends are expected to grow at a constant rate of 4 percent per year indefinitely. If investors require an 10.2 percent return on Sky High Co. stock, the stock price in 4 yearsshould be $ _________ . Round it to two decimal places, and do not include the $ sign, e.g., 23.56.
Related Book For
Fundamentals of corporate finance
ISBN: 978-0073382395
9th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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