Bavarian Sausage is expected to pay a dividend of $1.3 per share at the end of the year, and that dividend is expected to grow at a constant rate of 1% per year in the future. The company's expected annual return is 9%. What is the company's current stock price in $?

Question

07-10-2022
Business

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Bavarian Sausage is expected to pay a dividend of $1.3 per share at the end of the year, and that dividend is expected to grow at a constant rate of 1% per year in the future. The company's expected annual return is 9%. What is the company's current stock price in $?

Sagot :

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