Sky high co just paid a dividend of 43 per share on its


Sky High Co. just paid a dividend of $4.3 per share on its stock (D0). The dividends are expected to grow at a constant rate of 6 percent per year indefinitely. If investors require an 9.1 percent return on Sky High Co. stock, the stock price in 5 years should be $ _________ . Round it to two decimal places, and do not include the $ sign, e.g., 23.56.

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Financial Management: Sky high co just paid a dividend of 43 per share on its
Reference No:- TGS01710633

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