A company paid a $1.5 dividend last year. The company is expecting dividends to grow at a 5% rate in the future. What is the value of the value of this stock if an investor requires a 12% rate of return on this stocks of this risk class

单项选择题The infinite period dividend discount model (DDM) implies that a stock’s value will be greater:

单项选择题A stock will pay a $4 dividend next year, $5 the year after, and $4.3 the following year. An investor believes that he can then sell the stock for $65 at the end of a 3-year holding period. The risk-flee rate of interest is 8%, the market return is 12%, and the stock’s beta is 1.1. What is the value of the stock