Question: Please give answer using financial calculator, or simplest way with the formula , no excel, thanks! 3D printing Corp paid a dividend yesterday of $1

Please give answer using financial calculator, or simplest way with the formulaPlease give answer using financial calculator, or simplest way with the formula , no excel, thanks!

3D printing Corp paid a dividend yesterday of $1 per share. The dividend is expected to grow at 21.00% per year for 2 years and then the growth rate will slow to 2.80% per year forever. If the required rate of return is 8.20%, then what is the current stock price? a. $27.18 b. $24.37 c. $25.12 d. $26.18 e. $21.63

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!