Calculate expected stock price

Reference no: EM1364192

Longhorn Corporation's common stock currently trades at $65. It pays an annual dividend which yields 3.23%, and it is expected to grow at a rate of 2% per year for the next four years. The S&P 500 index average return last year was 5.09% Calculate Longhorn's expected stock price at the end of four years.

Reference no: EM1364192

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Calculate expected stock price : Longhorn Company common stock currently trades at $65. It pays an annual dividend which yields 3.23%, and it is expected to grow at a rate of 2 percent per year for the next four years.

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