Ackert companys last dividend was 400 the dividend growth, Ask an Expert

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Ackert Company's last dividend was $4.00. The dividend growth rate is expected to be constant at 1.5% for 2 years, after which dividends are expected to grow at a rate of 8.0% forever. The firm's required return (rs) is 12.0%. What is the best estimate of the current stock price?

a. $87.00 b. $89.87 c. $80.31 d. $104.21 e. $95.61

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Financial Management, Finance

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