Question: a stock is expected to pay a dividend of 165...
A stock is expected to pay a dividend of $1.65 at the end of the
year. The required rate of return is rs= 9.32%, and the
expected constant growth rate is g = 7.2%. What is the stock's
Round your answer to two decimal places. For example, if your answer is $345.6671 round as 345.67 and if your answer is .05718 or 5.7182% round as 5.72.