A stock is expected to pay $2.30 per share every year indefinitely. The current price of the
Fantastic news! We've Found the answer you've been seeking!
Question:
A stock is expected to pay $2.30 per share every year indefinitely. The current price of the stock is $27.78. The equity cost of capital for the company is 7.42%. What price would an investor be expected to pay per share 7 years into the future?.
NOTE: Enter the number rounding to two decimals. If your answer is $5.6786, your answer must be 5.68.
Posted Date: