Answer:
the stock price is $49.10
Explanation:
The computation of the stock price that have to pay is shown below:
= Dividend ÷ (Required rate of return - growth rate)
= $3.56 ÷ (11% - 3.75%)
= $3.56 ÷ 7.25%
= $49.10
Hence, the stock price is $49.10
We simply applied the above formula so that the correct value could come
And, the same is to be considered
