PeteCorp's stock has a Beta of 1 31 Its dividend is expected to be $3 33 next year, and will grow by 5 per year after that indefinitely Assume the risk free rate is 5 , and the Market Risk Premium is 9 The stock price would currently be estimated to be $ Round your FINAL answer to 2 decimal places...

To calculate the current estimated stock price using the Dividen ...

PeteCorp's stock has a Beta of 1.31. Its dividend is expected to be $3.33 next year,...

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Financial management theory and practice

ISBN: 978-1439078099

13th edition

Authors: Eugene F. Brigham and Michael C. Ehrhardt

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PeteCorp's stock has a Beta of 1.31. Its dividend is expected to be $3.33 next year,...

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