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A stock is expected to pay a dividend of $0.50 at the end of the year (i.e., D1 = $0.50), and it should continue to grow
Posted: Mon Apr 25, 2022 8:41 am
by answerhappygod
- A Stock Is Expected To Pay A Dividend Of 0 50 At The End Of The Year I E D1 0 50 And It Should Continue To Grow 1 (33.11 KiB) Viewed 30 times
A stock is expected to pay a dividend of $0.50 at the end of the year (i.e., D1 = $0.50), and it should continue to grow at a constant rate of 4% a year. If its required return is 15%, what is the stock's expected price 4 years from today? Do not round intermediate calculations. Round your answer to the nearest cent. $ 5.11