The Black Forest Cake Company just paid an annual dividend of $6.78. If you expect a constant growth rate of 5.86 percent, and have a required rate of return of 11.33 percent, what is the current stock price according to the constant growth dividend model? Round the answer to two decimal places.
The Black Forest Cake Company just paid an annual dividend of $6.78.
If you expect a constant growth rate of 5.86 percent, and have a required rate of return of 11.33 percent, what is the current stock price according to the constant growth dividend model?
Round the answer to two decimal places.
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