2 7. Calculate the expected price of a common stock with an expected
Dividend of $2.85. The dividend is expected to grow at an annual
Rate of 5.25%. An appropriate discount rate is 14.75%. Show all work.

Calculate the expected price of a common stock with an expected
Dividend of $2.85. The dividend is expected to grow at an annual
Rate of 5.25%. An appropriate discount rate is 14.75%. Show all work

P_0 \ = \ \frac{D_1}{r-g}

... where the cast of characters, in order of appearance, are...

the current Price; the Dividend expected one period hence; the appropriate discount rate; and the expected growth rate.

Thanks