CLICK HERE TO DOWNLOAD THIS ANSWER INSTANTLY $5 Only
Stock Values [LO1] A firm just paid a dividend of $2.10 per share on its stock. The dividends are expected to grow at a constant rate of 3.5 percent per year indefinitely. Investors require a return of 10.5 percent on stock.
What is the current price?
What will the price be in three years?
In 15 years?
