Determining the current price of patience inc


Patience Inc. just paid a dividend of n$2.35 per share on its stock. The dividends are expected to grow at a constant rate of 4.5 percent per year, indefinitely. If investors require an 11 percent return on this stock, what is the current price? What will the price be in three years? In 15 years?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: Determining the current price of patience inc
Reference No:- TGS042275

Expected delivery within 24 Hours