Question: Moving to another question will save this response. Question 17 of 24 tion 17 13 points Save Ansy es #2 Type Di Ant Appliances has

 Moving to another question will save this response. Question 17 of

Moving to another question will save this response. Question 17 of 24 tion 17 13 points Save Ansy es #2 Type Di Ant Appliances has come out with an improved product, and the world is beating path to its door. As a result, the firm projects its earnings and dividend growth of 251 per year for 5 years. By then, other firms will have copycat technology, competition will drive down profit margins, and the sustainable earnings and dividend growth rate will fall to 100. The most recent annual dividend was $1 per share. What should be the stock price today? Assume that the stock has a beta of 3.0. Treasury bill yield 3 and the market return is 6). TT T Arial 3 (12pt) T. QiX Pathp Words Moving to another question will save this response Question 17 of 24 > etv A sok Pro

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