Question: please show your work on answering this question as I got it wrong Popovich Corp. is just about to pay an annual dividend of $3,62

please show your work on answering this question as I got it wrong

Popovich Corp. is just about to pay an annual dividend of $3,62 per share, Investors anticipate that the annual dividend will rise by 3.38% a year forever. The applicable annual discount rate is 9.62%. What is the price of the stock today? Hint: apply the constant dividend growth model to determine the value of the future annual dividends. Then add the dividend that will be paid soon to this result. Do not round at intermediate steps in your calculation, Round to two decimal places. Do not type the $ symbol. You Answered 59.97 Correct Answer 63.59 margin of error +/-0,05

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!

I need verification if my answers are right see page 14 of sample final and attached picture. Did I do it right or is the hedging options column wrong? UNIVERSITY OF MANITOBA Faculty of Management...

HI! can you please answer the Long answer question #1, part h), on the attached file! Thank you very much UNIVERSITY OF MANITOBA Faculty of Management Department of Accounting and Finance Professors:...

Hi I need answers immediately. Attached is a file. I need the detailed solutions (no excel, can be typed or handwritten) to the long answer portions ONLY. Please read instructions for rounding rules....

Attached is a file. See page 14. I need answer for part e). Please read instructions for rounding rules. UNIVERSITY OF MANITOBA Faculty of Management Department of Accounting and Finance Professors:...

Attached is a file. See page 14. I need answer for part d). Please read instructions for rounding rules. UNIVERSITY OF MANITOBA Faculty of Management Department of Accounting and Finance Professors:...

I need help from a Financial expert who is very familiar with exchange rate exposure & payout policy.I will adjust the price as you suggest. For some reason I am not able to do it here. Please be...

Can you please answer the following 29 MCQ Questions finance question.Only answer if your rating is 3 and above. I am willing to give extra tip of 5$ if there are less than 3 wrong answers. 1.A share...

I've attached the attachment as a word file, thanks! JWCL165_c13_612-673.qxd 8/13/09 11:15 AM Page 612 13 Statement of Cash Flows Chapter STUDY OBJECTIVES After studying this chapter, you should be...

What is the molarity of thesolution? (molarity = moles per liter.) 7. A solution is made by adding 35g of NaCl to 1000mL of water. a. How many moles of NaCl have been added to the water? 1 mol NaCI...

Seven measurements of the ph of a buffer solution gave the following results: 5.12, 5.20, 5.15, 5.17, 5.16, 5.19, 5.15. Calculate a) the 95% and b) the 99% confidence limits for the entire ph (assume...

Smith operates a roof repair business. This year, Smith's business generated cash receipts of $ 3 3 , 8 0 0 , and Smith made the following expenditures associated with his business: Advertising$ 5 9...

50. A company ages its accounts receivables to determine its end of period adjustment for bad debts. At the end of the current year, management estimated that $15.750 of the accounts receivable...