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Business, 06.10.2019 00:30 kallie862

Acompany currently pays a dividend of $2.8 per share (d0 = $2.8). it is estimated that the company's dividend will grow at a rate of 23% per year for the next 2 years, and then at a constant rate of 7% thereafter. the company's stock has a beta of 1.3, the risk-free rate is 8.5%, and the market risk premium is 4.5%. what is your estimate of the stock's current price? do not round intermediate calculations. round your answer to the nearest cent.

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Acompany currently pays a dividend of $2.8 per share (d0 = $2.8). it is estimated that the company's...
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