Assume a stock has the following feature: Current Dividend = $3 Expected growth in dividends = 0

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Assume a stock has the following feature:

Current Dividend = $3

Expected growth in dividends = 0 (i.e., constant dividend)

Discount rate = 4%

What is the current price of this stock using the DCF model?

State your answer without the dollar sign or commas.

Round your answer to the nearest penny.

Example answer format 45.69

Related Book For answer-question

Corporate Finance

ISBN: 978-0077861759

10th edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe

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Posted Date: Apr 03, 2023 06:37 AM

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Assume a stock has the following feature: Current Dividend = $3 Expected growth in dividends = 0

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The current price of the stock can be calculated as the present value of all future d... View the full answer

Corporate Finance

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