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R. E. Lee recently took his public expanding the business Growth foss quickly to take...

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Finance

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R. E. Lee recently took his public expanding the business Growth foss quickly to take advantage of an otherwise unexploited market. s company public through an initial public offering. He is Growth for his expects it to slow down to a constant 15 percent. The most rec company is expected to be 40 percent for the first three years and then he recent dividend (Do) was $0.15. Based on the m ost recent returns, his company's beta is approximately 1.5. The nsk-free is s percent and the market risk premium is 6 percent. What is the current price of Lee s stock? 8

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