What is the current selling price of the stock

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ABC wood distributors sells construction material throughout the state of Illinois. because of population growth and a construction boom in recent years, the company has prospered and expected to continue to d well in the near term. the company will pay a $0.75 per share dividend to investors one year form now. investors believe that ABC wood distributions will increase that dividend at 15% per year for the sub subsequent 5 tears before setting down to a long run dividend growth rate of 3%. Investor expect an 8% return on abc wood common shares. What is the current selling price of the stock?

Reference no: EM132386352

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