Free Motion Enterprises paid a $2.20 per share annual dividend last week. Dividends are expected to Increase by 3.75 percent annually. What is one share of this stock worth to you today if your required rate of return is 15 percent? What is your trading strategy on the stock.
Buy the stock is currently undervalued
Sell the stock is currently undervalued
Buy the stock id currently overvalued
Sell the stock is currently overvalued
Nothing the stock Is Fairley prices