The bank is expected to pay an annual dividend of $6 per share on its stock...

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The bank is expected to pay an annual dividend of $6 per share on its stock in the current period and dividends are expected to grow 5 percent a year every year, and the minimum required return-to-equity capital based on the bank's perceived level of risk is 15 percent. If the dividends paid to stockholders are expected to grow at a constant rate over time, the stock price for FCV Savings based on the information given above is: Exclude $ from your answer. Example $95 is inputted as 90 Stimulus: Po = D1/(r-g) Stock Price = Dividend / (Required Return - Dividend Growth Rate) Answer: The bank is expected to pay an annual dividend of $6 per share on its stock in the current period and dividends are expected to grow 5 percent a year every year, and the minimum required return-to-equity capital based on the bank's perceived level of risk is 15 percent. If the dividends paid to stockholders are expected to grow at a constant rate over time, the stock price for FCV Savings based on the information given above is: Exclude $ from your answer. Example $95 is inputted as 90 Stimulus: Po = D1/(r-g) Stock Price = Dividend / (Required Return - Dividend Growth Rate) Answer: