ABC’s last dividend paid was $1.2, its required return is 18.2%, its growth rate is 3.7%, and its growth rate
January 8th, 2018
ABC’s last dividend paid was $1.2, its required return is 18.2%, its growth rate is 3.7%, and its growth rate is expected to be constant in the future. What is Sorenson’s expected stock price in 7 years, i.e., what is P7?Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.
