Price of the company stock

Assignment Help Basic Computer Science
Reference no: EM131696442

Assume today is December 31, 2013. Imagine Works Inc. just paid a dividend of $1.20 per share at the end of 2013. The dividend is expected to grow at 15% per year for 3 years, after which time it is expected to grow at a constant rate of 6% annually. The company's cost of equity (rs) is 9%. Using the dividend growth model (allowing for nonconstant growth), what should be the price of the company's stock today (December 31, 2013)? Round your answer to the nearest cent. Do not round intermediate calculations.

$ per share

Reference no: EM131696442

Questions Cloud

How does religion appear in the yacoubian building : How does religion appear in The Yacoubian Building? How does the film improve your understanding of Arabic culture and society?
Account with an annual interest rate : What will $200,000 grow to be in 15 years if it is invested today in an account with an annual interest rate of 8%?
Examine the main motivation of school violence : Examine the main motivation(s) of school violence and give your opinion as to what the schools should do to prevent school violence.
Specific format of a viable statement for a company : Is there a specific format of a viable statement for a company? If so, what are the elements that should be included in the viable statement?
Price of the company stock : What should be the price of the company's stock today (December 31, 2013)? Round your answer to the nearest cent. Do not round intermediate calculations.
How is the word myth used popularly : How is the word myth used popularly? For example, what does the statement, "It's a myth" mean? In contrast, how is the word myth used in the academic context?
Examine the courts decision : Compare and contrast vehicle searches and inventories and indicate the most important differences between the two (2) as they relate to law enforcement officers
What made native american peoples vulnerable to conquest : What made Native American peoples vulnerable to conquest by European adventurers? Why was the Constitution controversial document even as it was being written?
Discuss the pros and cons of freuds theory : Analyze Freud's theory and discuss the impact that it has on the development of criminal behavior.

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Implement a class for complete binary trees

You should have only one member function that adds a new node(since there is only one place where a node may be added, and one member function that removes the last node of the tree.

  Design a digital filter with the following specifications

Design a digital filter with the following specifications: Cutoff frequency = 1,000 Hz Sampling rate = 16,000 Low-pass filter What is the digital normalized frequency in radians?

  What is a security policy

1) What is a security policy? what are the typical elements of a policy? 2) what are security controls and how do they relate to security architecture. Give a specific example.

  How long will it take the weight to complete one period

The time that it takes for the weight to oscillate from the highest point to the lowest point and back to the highest point is its period

  Seven domains of a typical it infrastructure

Describe the concepts of confidentiality, integrity, and availability (C-I-A), and explain each of the seven domains of a typical IT infrastructure. Summarize the threat triad, and explain how security personnel can maintain proficiency in the sec..

  What is its agc control range in db

A receiver has a sensitivity of 0.3 µV, and the same receiver can handle a signal level of 75 mV without overloading. What is its AGC control range in dB?

  Support desktop computers in small company

Static IP address of server is 192.168.45.200. Employees will open their Web browser and enter personnel.mycompany.com in URL address box to browse Web site.

  What is the loop control variable

What is the output if the code is changed to while(++numTimes

  Operate under monopolistic competition

Most firms and business in our economy operate under monopolistic competition, and product differentiation in this type of markets.

  Write the definition of the function you defined in part a

Write the definition of the function you defined in part a.

  How many different customers have ordered products

How many different customers have ordered products in each category? Two columns, categoryname and count of distinct customers. Make sure to include EVERY category.

  Describe the php error reporting system

Describe the PHP error reporting system and how it can be used to debug PHP scripts and to avoid errors getting into webpages viewed by end users.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd