If the required return on the stock is 12 percent what is


East Side Corporation is expected to pay the following dividends over the next four years: $18, $14, $13, and $6.50. Afterward, the company pledges to maintain a constant 4 percent growth rate in dividends forever. If the required return on the stock is 12 percent, what is the current share price? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)

Current share price =

Request for Solution File

Ask an Expert for Answer!!
Financial Management: If the required return on the stock is 12 percent what is
Reference No:- TGS02687717

Expected delivery within 24 Hours