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
Need a fast expert's response?
Submit orderand get a quick answer at the best price
for any assignment or question with DETAILED EXPLANATIONS!
Ask Your question
Very efficient, I will be contacting you again in the future! Happy !
#198382 on Mar 2018
#198382 on Mar 2018 
Comments
Leave a comment