What is the current stock price


One year from today, investors anticipate that Groningen Distillers Inc. stock will pay a dividend of $3.25 per share. After that, investors believe that the dividend will grow at 20% per year for three years before settling down to a long-run growth rate of 4%. The required rate of return on Groningen stock is 15%. What is the current stock price?

Solution Preview :

Prepared by a verified Expert
Finance Basics: What is the current stock price
Reference No:- TGS0672753

Now Priced at $5 (50% Discount)

Recommended (91%)

Rated (4.3/5)