Finding the stock price


Red, Inc., Yellow Corp., and Blue Company each will pay a dividend of $2.85 next year. The growth rate in dividends for all three companies is 5 percent. The required return for each company's stock is 7 percent, 10 percent, and 13 percent, respectively. What is the stock price for each company? (Round your answers to 2 decimal places.

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Finance Basics: Finding the stock price
Reference No:- TGS025019

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