Pharsalus Inc. just paid a dividend (i.e., D0) of $ 2.29 per share. This dividend is expected to grow at a rate of 4.1 percent per year forever. The appropriate discount rate for Pharsalus’s stock is 14.7 percent. What is the price of the stock? (Round your answer to 2 decimal places and record your answer without dollar sign or commas).
Studyhope.com is a licensed Academic Writing Service created to offer academic help to students from all parts of the world. Our writing services are unique and offer more than just a piece of assignment. We have a pool of extremely qualified and experienced writers who do your assignments with dedication.
WEBSITE LIVE CHAT:
WHATSAPP: +1 (205) 286-5157
Any Given Deadline