Based on the following data for the WWE stock, what is the expected price in 4 years? Assume:
The stock is currently priced in equilibrium.
The dividend is expected to grow at a constant rate.
Last dividend per share: $3
Beta for the stock: 1.5
Risk free rate: 5%
Market risk premium: 8%
Current market price: $40
Select one:
a. $59.99
b. $48.34
c. $56.14
d. $52.01
e. $45.51