Answer Happy

Posted: **Wed May 18, 2022 11:46 pm**

: A Stock Just Paid 54 7 Dividend Yesterday The Dividend Is Expected To Grow At 3 5 Per Year Thereafter If The Investor 1 (14.39 KiB) Viewed 41 times

A stock just paid 54.7 dividend yesterday. The dividend is expected to grow at 3.5% per year thereafter. If the investor's required rate of return on the stock is 11.9%, the stock price should be _ Round your answer to two decimal places, such as 12.34)