Gorilla Company just paid a $4 annual dividend. The dividend is expected to grow by 7% each year for the next 4 years. After that the company will never pay another dividend ever again. If the market requires an annual return of 7% on this company's stocks, the stock price should be ________ today.

Answer rating: 100% (QA)

To determine the stock price today we can use the dividend discount model DDM to calculate the pres... View the full answer