Find what is the current stock price

Reference no: EM131959636

Question: Company X is expected to pay an end-of-year dividend of $4.00 a share. After the dividend its stock is expected to sell at $90. If the market capitalization rate is 8%, what is the current stock price? (Last Cheggian to answer this question put $87.03, which was marked as incorrect)

Reference no: EM131959636

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