Find current stock price-growth rate of dividend is constant


A stock's expected dividend payment at the end of the year (d1) is $1. The required rate of return is r(s)= 11%, and the growth rate of the dividend is constant at 5%. what is the current stock price?

i) 16.67

ii) 18.83

iii) 20.00

iv) 21.67

v) 23.33

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Finance Basics: Find current stock price-growth rate of dividend is constant
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