Question: Plz help me I solve but my answer is wrong. Plz help me fast Assume Highline Company has just paid an annual dividend of $0.98.


Plz help me I solve but my answer is wrong. Plz help me fast
Assume Highline Company has just paid an annual dividend of $0.98. Analysts are predicting an 10.2% per year growth rate in earnings over the next five years. After then, Highline's earnings are expected to grow at the current industry average of 5.2% per year. If Highline's equity cost of capital is 8.5% per year and its dividend payout ratio remains constant, for what price does the dividend-discount model predict Highline stock should sell? The value of Highline's stock is $ 42.52 (Round to the nearest cent.) Haliford Corporation expects to have earnings this coming year of $2.702 per share. Haliford plans to retain all of its earnings for the next two years. Then, for the subsequent two years, the firm will retain 47% of its earnings. It will retain 20% of its earnings from that point onward. Each year, retained earnings will be invested in new projects with an expected return of 26.2% per year Any earnings that are not retained will be paid out as dividends. Assume Haliford's share count remains constant and all earnings growth comes from the investment of retained earnings. If Hallifard's equity cost of capital is 9.2%, what price would you estimate for Halliford stock? The stock price will be $(Round to the nearest cent.)
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