Heyworth Co.'s stock sells for $51 a share and just paid a dividend of $3.00. It is expected to pay a dividend of $3.60 during the upcoming year with dividends growing at the same rate in the future. What is the expected price of the stock one year from now?

Answer rating: 100% (QA)

To calculate the expected price of the stock one year from now we can use the dividend discount mode... View the full answer