ABC’s last dividend paid was $0.61, its required return is 16%, its growth rate is 7%. What is ABC's expected stock price in 13 years? Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.

Answer rating: 100% (QA)

To determine the expected price for the ABC stock in 13 years we need to use the Gordon growth model ... View the full answer