Question: I need help with this question in 10 min please Joyous Company just paid a dividend of $3.00 a share. The stock's dividend is expected
I need help with this question in 10 min please
Joyous Company just paid a dividend of $3.00 a share. The stock's dividend is expected to grow at a constant rate of 5 percent a year. The risk-free rate is 5 percent and the market risk premium is 6 percent. The stock has a beta of 1.0. What is the stock's expected price five years from now? $63.00 $52.50 $76.58 $67.00
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