Pharsalus inc just paid a dividend ie do of 426 per share, Financial Management

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Pharsalus inc just paid a dividend ie do of 426 per share

Pharsalus Inc. just paid a dividend (i.e., DO) of $ 4.26 per share. This dividend is expected to grow at a rate of 7.7 percent per year forever. The appropriate discount rate for Pharsalus's stock is 15.0 percent. What is the price of the stock? (Round your answer to 2 decimal places and record your answer without dollar sign or commas).

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Financial Management: Pharsalus inc just paid a dividend ie do of 426 per share

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Financial Management: Pharsalus inc just paid a dividend ie do of 426 per share

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