Woidtke manufacturings stock currently sells for 34 a share, Financial Management

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Woidtke manufacturings stock currently sells for 34 a share

Woidtke Manufacturing's stock currently sells for $34 a share. The stock just paid a dividend of $3.00 a share (i.e., D0 = $3.00), and the dividend is expected to grow forever at a constant rate of 9% a year. What stock price is expected 1 year from now? Round your answer to the nearest cent

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Financial Management: Woidtke manufacturings stock currently sells for 34 a share

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Financial Management: Woidtke manufacturings stock currently sells for 34 a share

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