Wat is the price of the stock today


Formula 51 Corp. just paid a dividend of $1.45 per share. The dividends are expected to grow at 30 percent for the next eight years and then level off to a 7 percent growth rate indefinitely. If the required return is 13 percent, what is the price of the stock today?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Wat is the price of the stock today
Reference No:- TGS01940964

Now Priced at $20 (50% Discount)

Recommended (92%)

Rated (4.4/5)