Consider the stock of Aya Company, which will pay an annual dividend of $3 one year from today. The dividend will grow at a constant rate of 3%, forever.The market requires a 12% return on the company's stock. What will the stock price be 10 years from today?

Answer rating: 100% (QA)

To calculate the stock price of Aya Company 10 years from today we can use the Gordon Growth Model w... View the full answer