Company D is expected to pay a $4.49 dividend at the end of the 4th year. You

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Company D is expected to pay a $4.49 dividend at the end of the 4th year. You expect Company D's dividend to grow by 1.39% per year forever. Company D's equity cost of capital is 8.52%. What should be the price of the stock today?

NOTE: Enter the number rounding to two decimals. If your answer is $5.6786, your answer must be 5.68.

Posted Date: May 18, 2024 05:01 PM

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Company D is expected to pay a $4.49 dividend at the end of the 4th year. You

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