Thames incs most recent dividend was 240 per share d0 240, Ask an Expert

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Thames Inc.'s most recent dividend was $2.40 per share (D0 = $2.40). The dividend is expected to grow at a rate of 6% per year. The risk-free rate is 5% and the market risk premium is 4%. If the company's beta is 1.3, what is the price of the stock today?

a. $72.14

b. $57.14

c. $40.00

d. $68.06

e. $60.57

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Financial Management, Finance

Category:- Financial Management
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