The risk-free rate of return is 6%, the market-required rate of return is 10%, and High-Flyer's stock has a beta of 1.2. If the expected dividend per share over the next year, D1, is $2.40 and g = 6%, at what price should a share be sold? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Answer rating: 100% (QA)

We can use the dividend discount model DDM to calculate the pric... View the full answer