Berlusconi Corporation (BC) recently paid a $1.26 dividend per share. The dividend of BC is...
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Berlusconi Corporation (BC) recently paid a $1.26 dividend per share. The dividend of BC is expected to grow by 19.75 percent next year, 16 percent the following year, and 11.75 percent the year after before growing at a constant rate of 5.25 percent growth that continues forever. BCs beta is 1.21, the risk-free rate of interest is 2.30 percent, and the market portfolio generates a 12.25 percent rate of return. What is the stock price of BC today?
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