Question: Hello, please advise because I keep getting this problem half right. For A, I have tried 0.05, 5, 5^ . For B, I have tried
Hello, please advise because I keep getting this problem half right. For A, I have tried 0.05, 5, 5^ . For B, I have tried just 45.95. I wanted to try 33.018 or 33.02 for B .
One of the answers must be wrong. Please help, thanks

Partial Question 9 2.5/5 pts Hali's current stock price is $36.00, its last dividend was $2.40, and its required rate of return is 12%. If dividends are expected to grow at a constant rate, g, in the future, and if the required rate of return is expected to remain at 12%, what is Hali's expected stock price 5 years from now? a) The constant growth rate = 0.05 b) Expected stock price 5 years from now = 45.95
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