Please help me study for a test by answering this question. A stock is just paid a dividend of $0.91 and is growing at a constant rate of 10 percent per year. If the required rate of return is 15 percent, what is the stock's expected price 2 years from today? use this formula P0 = D1/(rs - g)
Using the formula you selected above, what is the stock price? P0 = $______________?