NBC company is expected to pay a $1.60 per share dividend at the end of...
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NBC company is expected to pay a $1.60 per share dividend at the end of this year (i.e., D1=$1.60). The dividend is expected to grow at a constant rate of 10% a year from the current period to the foreseable future. The required rate of return on the stock, rs , is 15%. What is the price per share of NBC's stock today?
| 1. | $25.00 | |
| 2. | $32 | |
| 3. | $20.00 | |
| 4. | $16.75 |
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