Question: Need an excel solution with explaination (urgent needed) Problem #2 A. A company has cost of equity of 12% and a dividend growth rate of

Need an excel solution with explaination (urgent needed)

Problem #2
A. A company has cost of equity of 12% and a dividend growth rate of 3%. Its dividends for next year is $4.58 per share. What should the stock's price be?
P = D1 P = Price
(r-g) D1 = Dividend 1
r = rate of inflation
P = g=constant annual compound growth rate
-
P =

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