Business, 14.04.2020 23:22 bluenblonderw

Dawson Energy is expected to pay an end-of-year dividend, D1, of $2.00 per share, which is expected to grow at a constant rate over time. The stock has a required return of 14% and a dividend yield, D1/P0, of 5%. What is the expected price of the stock five years from today?

a. $51.05
b. $56.46
c. $40.00
d. $61.54
e. $77.02

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Dawson Energy is expected to pay an end-of-year dividend, D1, of $2.00 per share, which is expected...

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