Calle enterprises stock offered a dividend of 29 per share, Finance Basics

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Calle enterprises stock offered a dividend of 29 per share

Question: Calle Enterprises' stock offered a dividend of $2.9 per share at the end of last year. The dividend is projected to increase at a constant rate of 3.88% per year for the foreseeablefuture. The required rate of return on the stock, rs, is 7.91%. What is the stock's expected price today? Submit your answer as a price to two decimal places (Ex. $0.00)

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Finance Basics: Calle enterprises stock offered a dividend of 29 per share

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