Question: 23. Chapter MC, Section 19, Problem 06 The Isberg Company just paid a dividend of $0.75 per share, and that dividend is expected to grow

23. Chapter MC, Section 19, Problem 06 The Isberg Company just paid a dividend of $0.75 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 1.65, the market risk premium is 5.00%, and the risk-free rate is 4.00%. What is the company's current stock price, Po? Do not round intermediate calculations a. $13.83 Ob. $13.60 Oc. $10.08 Od. $11.72 Oe. $12.66

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