A stock just paid $2.4 dividend yesterday. The dividend is expected to grow at 2.3% per year thereafter. If the investor

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answerhappygod
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A stock just paid $2.4 dividend yesterday. The dividend is expected to grow at 2.3% per year thereafter. If the investor

Post by answerhappygod »

A stock just paid $2.4 dividend yesterday. The dividend is
expected to grow at 2.3% per year thereafter. If the investor’s
required rate of return on the stock is 17.6%, the stock price
should be _______. (Round your answer to two decimal
places, such as 12.34)
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