A stock is currently priced at $41.93. Its dividend is expected to grow at a rate of 5.5% indefinitely. The stock's required return is 11.1%. The stock's predicted price 4 years from now, P4, should...


A stock is currently priced at $41.93.  Its dividend is expected to grow at a rate of 5.5% indefinitely.  The stock's required return is 11.1%.  The stock's predicted price 4 years from now, P4, should be $________.


Do not round any intermediate work, but round yourfinal answer to 2 decimal places (ex: $12.34567 should be entered as 12.35).  Do not enter the $ sign.



Jun 01, 2022
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