A stock just paid $3.8 dividend yesterday. The dividend is expected to grow at 2.7% per year thereafter. If the beta of
Posted: Wed May 18, 2022 11:48 pm
A stock just paid $3.8 dividend yesterday. The dividend is expected to grow at 2.7% per year thereafter. If the beta of the stock is 1.2, risk-free rate is 4%, and the market risk premium is 6%, then using the dividend discount model, the stock price should be (Round your answer to two decimal places, such as 12.34) w