If its required return is 12 what is the stocks expected, Financial Management

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If its required return is 12 what is the stocks expected

A stock is expected to pay a dividend of $2.00 at the end of the year (i.e., D1 = $2.00), and it should continue to grow at a constant rate of 5% a year. If its required return is 12%, what is the stock's expected price 4 years from today? Round your answer to two decimal places. Do not round your intermediate calculations.

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Financial Management: If its required return is 12 what is the stocks expected

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