Based on the dividend paid, the dividend growth rate, and the required return, the price of the stock is $51.20
<h3>What is the price of the stock?</h3>
This can be solved by the Gordon Growth Model:
Price of stock = Next dividend / (Required return - growth rate)
Solving gives:
= (3.20 x 1.04) / (0.105 - 0.04)
= 3.328 / 0.065
= $51.20
Question is:
Find the price of the stock
Find out more on the Gordon Growth Model at brainly.com/question/18760464
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Everybody wants to get into college but colleges can accept only so many students each year. Thus, the selection process is run based on students' resumes and letters of recommendation when only the best and the most deserving students are accepted.
(41 words)
Answer : the other animals realizes that squealer and napoleon
Explanation: