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  3. aetnas last dividend (d0) was $1.50, and its earni

Aetnas last dividend (D0) was $1.50, and its earnings and dividends are expected to increase...

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Finance

Aetnas last dividend (D0) was $1.50, and its earnings and dividends are expected to increase at a constant growth rate of 4%. Aetnas market beta is 1.8. If the current risk-free rate is 5% and the required rate of return on the market portfolio is 12%, what is the companys current expected stock price?

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