The last dividend of Delta, Inc. was $9.74, the growth rate of dividends is expected...

50.1K

Verified Solution

Question

Finance

The last dividend of Delta, Inc. was $9.74, the growth rate of dividends is expected to be 5.06 percent, and the required rate of return on this stock is 9.15 percent. What is the stock price according to the constant growth dividend model?

Round the answer to two decimal places.

Your Answer:

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students