A stock is expected to pay a dividend of $0.55 for each quarterly in the next four quarters. The required rate of return is rs = 10%, and the expected constant growth rate is g = 5%. What is the estimated stock price? Please provide the answer on excel file.

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter8: Basic Stock Valuation
Section: Chapter Questions
Problem 8P: A stock is trading at $80 per share. The stock is expected to have a yearend dividend of $4 per...
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A stock is expected to pay a dividend of $0.55 for each quarterly in the next four quarters. The required rate of return is rs = 10%, and the expected constant growth rate is g = 5%. What is the estimated stock price? Please provide the answer on excel file.  

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