The Grist Mill just paid a dividend of $3.46 per share on its stock. The dividends are expected to grow at a constant rate of 4.5 percent per year, indefinitely. What will the price of this stock be 7 years from today if investors require an annual return of 13 percent?

 

Answer rating: 100% (QA)

Given Dividend per share paid today D0 346 Growth rate of dividends g 45 0045 Re... View the full answer