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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The conclusion which can be drawn with respect to the nature of an exchange-rate table in December 2013 is that: B. It would look different because exchange rate tables change constantly.
An exchange rate can be defined as a number that is used to denote or represent the financial value of a currency in comparison with another currency.
On a related note, the foreign exchange market is a market that is used for converting the currency of a particular country into the currency of another country. For example, the dollars (United States of America) can be converted into naira (Nigeria) in the foreign exchange market.
In the foreign exchange market, the exchange rate for various countries are typically shown or displayed by using the exchange-rate table, which changes constantly depending on the following factors:
- Gross Domestic Product (GDP)
In conclusion, the conclusion which can be drawn with respect to the nature of an exchange-rate table in December 2013 is that, it would look different because exchange rate tables change constantly.
Read more on exchange rate here: brainly.com/question/11160294
pls this app is for study
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