Calculating the current price of the stock

Reference no: EM131794101

Question: The Let's ThinkBig Company expects their dividends and earnings to grow at a constant rate of 4% a year into the foreseeable future. Currently the market is requiring a 10% rate of return on their stock. The most recent dividend paid was $1.75/share. SHOW ALL WORK FOR FULL CREDIT. What is the current price of the stock?

Reference no: EM131794101

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