Bioscience inc will pay a common stock dividend of 525 at, Financial Management

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Bioscience inc will pay a common stock dividend of 525 at

BioScience Inc. will pay a common stock dividend of $5.25 at the end of the year (D1). The required return on common stock (Ke) is 22 percent. The firm has a constant growth rate (g) of 10 percent.

Compute the current price of the stock (P0). (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Current price $

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Financial Management: Bioscience inc will pay a common stock dividend of 525 at

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Financial Management: Bioscience inc will pay a common stock dividend of 525 at

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