Pharsalus Inc. just paid a dividend (i.e., D0) of $ 1.57 per share. This dividen

Question

Pharsalus Inc. just paid a dividend (i.e., D0) of $ 1.57 per share. This dividend is expected to grow at a rate of 2.9 percent per year forever. The appropriate discount rate for Pharsalus's stock is 13.9 percent. What is the price of the stock? (Round your answer to 2 decimal places and record your answer without dollar sign or commas).
Question 7 option Pharsalus Inc. just paid a dividend (i.e., D0) of $ 1.57 per share. This dividend is expected to grow at a rate of 2.9 percent per year forever. The appropriate discount rate for Pharsalus's stock is 13.9 percent. What is the price of the stock? (Round your answer to 2 decimal places and record your answer without dollar sign or commas).
Question 7 option Pharsalus Inc. just paid a dividend (i.e., D0) of $ 1.57 per share. This dividend is expected to grow at a rate of 2.9 percent per year forever. The appropriate discount rate for Pharsalus's stock is 13.9 percent. What is the price of the stock? (Round your answer to 2 decimal places and record your answer without dollar sign or commas).
Pharsalus Inc. just paid a dividend (i.e., D0) of $ 1.57 per share. This dividend is expected to grow at a rate of 2.9 percent per year forever. The appropriate discount rate for Pharsalus's stock is 13.9 percent. What is the price of the stock? (Round your answer to 2 decimal places and record your answer without dollar sign or commas).

Explanation / Answer

current dividend 1.57 growth rate 2.90% expected dividend 1.61553 discount rate 13.90% bond price expected dividend/ Ke - g 11.59352

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