The Isberg Company just paid a dividend of $0.75 per share, and that dividend is expected to grow at a constant rate of 5.50% per year in the future. The company's beta is 1.15, the market risk premium is 5.00%, and the risk-free rate is 4.00%. What is the fair value of the company's stock?

A) $18.62
B) $19.08
C) $19.56
D) $20.05

Ans: A) $18.62

Business

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LLC will be bound by ____________ acts during winding up process.

Fill in the blank(s) with the appropriate word(s).

Business

Sam's car was badly damaged after it accidentally caught fire. When he finds out that it cannot be repaired, he realizes that he has to buy a new car. Which stage of the consumer decision-making process does this represent?

a. Information search b. Postpurchase behavior c. Evaluation of alternatives d. Need recognition

Business