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

Expert's answer

$53.50

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Answer to Question #1113 in Finance for Joel Smith

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