Multiple Choice
The Isberg Company just paid a dividend of $0.75 per share,and that dividend is expected to grow at a constant rate of 5.50% per year in the future.The company's beta is 1.15,the market risk premium is 5.00%,and the risk-free rate is 4.00%.What is the company's current stock price,P0?
A) $18.62
B) $19.08
C) $19.56
D) $20.05
E) $20.55
Correct Answer:
Verified
Correct Answer:
Verified
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