Circle enterprise inc paid a dividend last year of 355, Financial Management

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Circle enterprise inc paid a dividend last year of 355

Circle Enterprise, Inc. paid a dividend last year of $3.55, which is expected to grow at a constant rate of 6%. Star Solutions has a beta of 1.5 and their stock is currently selling for $51.66. If the market interest rate is 11% and the risk-free rate is 3%, would you purchase Star Solutions' stock? (Please show work because I am doing this question like a simaliar practice question but I am not getting any of these answers)

a. No, overvalued $4.76

b. Yes, undervalued $4.76

c. Yes, undervalued $9.85

d. No, overvalued $9.85

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Financial Management: Circle enterprise inc paid a dividend last year of 355

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Financial Management: Circle enterprise inc paid a dividend last year of 355

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