is expected to pay a $ 1.25 per share dividend at the end of this year. The dividend is expected to grow at a constant rate of 7% per year. The…
A Co. is expected to pay a $ 1.25 per share dividend at the end of this year. The dividend is expected to grow at a constant rate of 7% per year. The required rate of return on the stock is 11.5%. What is the estimated value per share of the stock?