Estimate the current stock price

Reference no: EM132036183

Question: PeteCorp's stock has a Beta of 1.22. Its dividend is expected to be $1.87 next year, and will grow by 5% per year after that indefinitely. Assume the risk-free rate is 4%, and the Market Risk Premium is 6%. The stock price would currently be estimated to be $________.

Reference no: EM132036183

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