Question: every answer I have gotten for Red, INC. has been wrong. please help yellow & blue are correct Red, Incorporated, Yellow Corporation, and Blue Company
Red, Incorporated, Yellow Corporation, and Blue Company each will pay a dividend of $3.30 next year. The growth rate in dividends for all three companies is 5 percent. The required return for each company's stock is 7 percent, 10 percent, and 13 percent, respectively. What is the stock price for each company? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
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