The stock of preston inc. is expected to pay a dividend of, Ask an Expert

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The stock of Preston Inc. is expected to pay a dividend of $6.00 during the ensuing year and is expected to grow at a constant rate of 8% in the foreseeable future. Investors have recently evaluated future market return variance to be 0.0016 and the covariance of returns for Preston and the market as .00352. Assuming a required rate of return of 14% and a risk free rate of 6%, determine a price for Prestons stock.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9208490

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