Nico Corporation common stock currently sells for $180 per share. Nico just paid a dividend of $10.18, and the dividend is expected to grow at a constant rate of 6 percent forever. If the required rate of return is 12 percent, how much will the shares of Nico Corporation sell for in one year? (show work)

Answer rating: 100% (QA)

We can use the constant growth dividend discount model to ... View the full answer