The company is expected to pay a dividend of $2.61 one year from today and $2.76 two years from today. The company's sales in two years are expected to be $15,950,000. The company has a PS ratio of 1.79 times, and 526,500 shares outstanding. If the required return on the company's stock is 11.4 percent, What is the current stock price?

Answer rating: 100% (QA)

To calculate the current stock price we can use the PricetoSales PS ratio and the dividend dis... View the full answer