Sea side inc just paid a dividend of 232 per share on its


Sea Side, Inc., just paid a dividend of $2.32 per share on its stock. The growth rate in dividends is expected to be a constant 5.9 percent per year indefinitely. Investors require a return of 22 percent on the stock for the first three years, then a return of 17 percent for the next three years, and then a return of 15 percent thereafter. What is the current share price? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Sea side inc just paid a dividend of 232 per share on its
Reference No:- TGS02784402

Expected delivery within 24 Hours