You are considering selling a stock you own. The company has a constant growth rate of $2\mathrm{.}4\%.$ They just paid a dividend of $$3\mathrm{.}78.$ The stock has a required rate of return of $5\mathrm{.}4\%.$ What should the offer price of the stock be$?$

Answer rating: 100% (QA)

To calculate the offer price of the stock using the constant growth dividend discount model ... View the full answer