# 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

(Points : 5)

$47.50

$49.00

$50.50

$52.00

Expert's answer

$53.50

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