Answer:
Use the Gordon Growth formula for this.
The price of a stock in the current year is:
= (Dividends in current year * (1 + growth rate) ) / (Required return - growth rate)
Current price
= (2.55 * ( 1 + 3.9%) ) / (10.4% - 3.9%)
= $40.76
In 3 years:
= (2.55 * ( 1 + 3.9%)⁴ ) / (10.4% - 3.9%)
= $45.72
In 15 years:
= (2.55 * ( 1 + 3.9%)¹⁶ ) / (10.4% - 3.9%)
= $72.36
Explanation:
What is the volume of a cube that has a side length of 10 inches?
How many
mm
42
in 231 cm ?
- Covert 5 ft? to in
Volume: 1000 cubic inches (a^3=V -----> 10^3=V ----> V=1000)
42 inches to mm= 1041.4 mm (multiply inch value (42) by 25.4 for mm)
231 cm to mm= 2310 mm (231*10)
5 ft to inches = 5*12 = 60 inches
