Discussion
XYZ company paid a dividend of $4.66 in the past 12 months. The annual dividend growth rate is 6.93 percent, and the required rate of return on the stock is 10.25 percent. Calculate the current price of the stock. Do not use a financial calculator or an online calculator. You must show your work.
Find the required return for a stock, given that the current dividend is $4.45 per share, the dividend growth rate is 6.5 percent, and the stock price is $101.00 per share.
Find the next dividend that the required return is 9.78 percent, the dividend growth rate is 7.74 percent, and the stock price is $93.50 per share.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.