Petecorps stock has a beta of 119 its dividend is expected, Ask an Expert

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PeteCorp's stock has a Beta of 1.19. Its dividend is expected to be $2.28 next year, and will grow by 5% per year after that indefinitely. Assume the risk-free rate is 5%, and the Market Risk Premium is 7%. The stock price would currently be estimated to be $________. Round your FINAL answer to 2 decimal places (example: 12.3456 = 12.35), but do NOT round any intermediate work.

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Financial Management, Finance

Category:- Financial Management
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