A company has cost of equity of 8% and a dividend growth rate of 3%. Its dividends for next year is $2.20 per share. What should the stock’s price be?
A company has cost of equity of 8% and a dividend growth rate of 3%.
Its dividends for next year is $2.20 per share. What should the stock’s price be?
$0.22
$44.00
$4.40
$27.00
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