Answer Happy

Posted: **Wed May 18, 2022 11:48 pm**

: A Stock Just Paid 4 1 Dividend Yesterday The Dividend Is Expected To Grow At 3 4 Per Year Thereafter If The Investor 1 (15.4 KiB) Viewed 19 times

A stock just paid $4.1 dividend yesterday. The dividend is expected to grow at 3.4% per year thereafter. If the investor's required rate of return on the stock ishin 15.9%, the stock price should be (Round your answer to two decimal places, such as 12.34)