The? dividend-discount model predict highline stock

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Assume Highline Company has just paid an annual dividend of $1.06. Analysts are predicting an 10.4% per year growth rate in earnings over the next five years. After? then, Highline's earnings are expected to grow at the current industry average of 4.9% per year. If? Highline's equity cost of capital is 7.7% per year and its dividend payout ratio remains? constant, for what price does the? dividend-discount model predict Highline stock should? sell?

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Reference no: EM131881903

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