Answer to Question #1113 in Finance for Joel Smith

Question #1113
A share of common stock has just paid a dividend of $2.00. If the expected long-run growth rate for this stock is 7%, and if investors require a(n) 11% rate of return, what is the price of the stock? (Points : 5) $47.50 $49.00 $50.50 $52.00
1
Expert's answer
2010-12-11T19:55:28-0500
$53.50

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS
paypal