XYZ paid $3 (Do)per share as dividend in the current year. The dividends will grow...
50.1K
Verified Solution
Link Copied!
Question
Finance
XYZ paid $3 (Do)per share as dividend in the current year. The dividends will grow at 6%. If the required rate of return on equity is 8.75% then what should be the current price of XYZ stock? The answer should be in the format xxx.yy, For example if the answer is $254.65, and it is not, then type 254.65
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
