Abc expects to pay a dividend one year from now of 213 the, Finance Basics

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Abc expects to pay a dividend one year from now of 213 the

Question: ABC expects to pay a dividend one year from now of $2.13. The dividend exhibits constant growth of 6.7%, and the required rate of return on the stock is 12.1%. Given all of this, what price would you expect to pay for the stock? (Show your answer to the nearest penny)

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Finance Basics: Abc expects to pay a dividend one year from now of 213 the

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Finance Basics: Abc expects to pay a dividend one year from now of 213 the

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