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-   -   What is the company's current stock price? (https://www.askmehelpdesk.com/showthread.php?t=477750)

  • Jun 8, 2010, 04:43 PM
    faithshinrai
    What is the company's current stock price?
    Schnusenberg Corporation just paid a dividend of $0.65 per share, and that dividend is expected to grow at a constant rate of 7.00% per year in the future. The company's beta is 0.95, the required return on the market is 10.50%, and the risk-free rate is 5.00%. What is the company's current stock price?
  • Jun 8, 2010, 04:47 PM
    Fr_Chuck

    You tell us, we don't do your home work, we can help you if you tell us your answer and how to get it
  • Jun 8, 2010, 06:25 PM
    faithshinrai
    That's the problem. I know the answer is 21.57. I got it wrong on the test but want to know how to figure it out. So I will know how to do it.

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