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Business, 06.10.2019 04:00 arivalen

Acompany has just paid a dividend of $ 2 per share, d0=$ 2 . it is estimated that the company's dividend will grow at a rate of 16 % percent per year for the next 2 years, then the dividend will grow at a constant rate of 7 % thereafter. the company's stock has a beta equal to 1.4, the risk-free rate is 4.5 percent, and the market risk premium is 4 percent. what is your estimate of the stock's current price? round your answer to two decimal places.

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Acompany has just paid a dividend of $ 2 per share, d0=$ 2 . it is estimated that the company's divi...
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