Business, 16.04.2020 01:45, yessy73

The Connors Company's last dividend was $1.00. Its dividend growth rate is expected to be constant at 15% for 2 years, after which dividends are expected to grow at a rate of 10% forever. Connors' required return (rs) is 12%. What is Connors' current stock price?

a. $56.82
b. $58.15
c. $62.87
d. $60.07
e. $54.91

Answers: 3

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The Connors Company's last dividend was $1.00. Its dividend growth rate is expected to be constant a...