Question 11 A company's earnings and dividends are growing at a constant rate of 5.5 percent. Last week it paid a divide

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Question 11 A Company S Earnings And Dividends Are Growing At A Constant Rate Of 5 5 Percent Last Week It Paid A Divide 1 (17.83 KiB) Viewed 29 times

Question 11 A company's earnings and dividends are growing at a constant rate of 5.5 percent. Last week it paid a dividend of $2.70. If the required rate of return is 11.5 percent, what is the price of the stock three years from now? (Do not round intermediate calculations. Round final answer to two decimal places.) O $55.75 $51.02 1 pts Ⓒ$49.29 O$42.83.