Compute the current price of the stock


BioScience Inc. will pay a common stock dividend of $4.45 at the end of the year (D1). The required return on common stock (Ke) is 16 percent. The firm has a constant growth rate (g) of 8 percent.

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

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Financial Management: Compute the current price of the stock
Reference No:- TGS02688664

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