question archive You are evaluating a stock that just paid a dividend of $2
You are evaluating a stock that just paid a dividend of $2
Subject:FinancePrice: Bought3
You are evaluating a stock that just paid a dividend of $2.1. Dividends are expected to grow at a constant rate of 4.7% for long time into the future. The required rate of return on the stock is 8.1%. What is the value of this stock? (round your answer to 2 decimal places, ignore the $ sign in your answer)
