assignmentcafe.com – The stock price of CMM Corp. /2022

assignmentcafe.com –

 

 

Calculate the stock price of CMM Corp. expected four years from today (P4). The required rate of return is given as 15.5%. The stock just paid a dividend of $1.55. This dividend is expected to grow at a constant rate of 2% for foreseeable future.

 

 

 

Group of answer choices

 

 

 

$12.61

 

 

 

$13.07

 

 

 

$12.68

 

 

 

$12.94

 

 

 

$12.16