What steady eddie utilities expected price years from now

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Question 1: Steady Eddie Utility, Inc.'s stock currently sells for $55.00 per share. The stock's dividend is projected to increase at a constant rate of 5% per year. The required rate of return on the stock, rs, is 16.50%. What is Steady Eddie Utilities' expected price 4 years from now? Enter your answer rounded to two decimal places. Do not enter $ or comma in the answer box. For example, if your answer is $12,300.456 then enter as 12300.46 in the answer box.

Reference no: EM132534786

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