A stock justpaid a dividend of $0.8. The required rate of return is 10.6%, and the constantgrowth rate is 6.2%. What is the current stock price?Note: Enter your answer rounded off to two decimal points.Do not enter $ or comma in the answer box. For example, if your answer is$12.345 then enter as 12.35 in the answer box.

A stock justpaid a dividend of $0.8. The required rate of return is 10.6%, and the constantgrowth rate is 6.2%. What is the current stock price?Note: Enter your answer rounded off to two decimal points.Do not enter $ or comma in the answer box. For example, if your answer is$12.345 then enter as 12.35 in the answer box.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter8: Analysis Of Risk And Return

Section: Chapter Questions

Problem 11P

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