A share of stock is now selling for 135 it will pay a


A share of stock is now selling for $135. It will pay a dividend of $5 per share at the end of the year. Its beta is 1. What do investors expect the stock to sell for at the end of the year? Assume the risk-free rate is 5% and the expected rate of return on the market is 21%. (Round your answer to 2 decimal places.)

Expected selling price $

Request for Solution File

Ask an Expert for Answer!!
Financial Accounting: A share of stock is now selling for 135 it will pay a
Reference No:- TGS01103349

Expected delivery within 24 Hours