Mework I Saved The Cricket Co Just Paid A Dividend Of 1 15 Per Share On Its Stock The Dividends Are Expected To Grow 1 (42.87 KiB) Viewed 14 times
Mework I Saved The Cricket Co Just Paid A Dividend Of 1 15 Per Share On Its Stock The Dividends Are Expected To Grow 2 (42.87 KiB) Viewed 14 times
mework i Saved The Cricket Co. just paid a dividend of $1.15 per share on its stock. The dividends are expected to grow at a constant rate of 7 percent per year indefinitely. Investors require a return of 12 percent on the company's stock. a. What is the current stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What will the stock price be in 3 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What will the stock price be in 12 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Current price b. Price in 3 years c. Price in 12 years
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