A company just paid a dividend of $1.95 per share, and that dividend is expected to grow at a constant rate of 5.5% per year in the future. The company's beta is 1.65, the market risk premium is 8.5%, and the risk-free rate is 5.50%. What is the company's current stock price?

		$12.72
		$13.56
		$14.53
		$15.64
		$16.94

Answer rating: 100% (QA)

First we need to find the required rate of return u... View the full answer