The next year the common stock of Gold Corp. will pay a dividend of $2.90 per share. If the company is growing at a rate of 2.31 percent per year, and your required rate of return is 14.17 percent, what is Gold’s company stock worth to you? Round the answer to two decimal places.
The next year the common stock of Gold Corp. will pay a dividend of
$2.90 per share. If the company is growing at a rate of 2.31 percent per year, and your required rate of return is 14.17 percent, what is Gold’s company stock worth to you?
Round the answer to two decimal places.