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Woidtke manufacturing's stock currently sells for $22 a share. the stock just paid a dividend of $1.20 a share (i.e., d0 = $1.20), and the dividend is expected to grow forever at a constant rate of 10
Woidtke manufacturing's stock currently sells for $22 a share. the stock just paid a dividend of $1.20 a share (i.e., d0 = $1.20), and the dividend is expected to grow forever at a constant rate of 10% a year. what stock price is expected 1 year from now? what is the estimated required rate of return on woidtke's stock (assume the market is in equilibrium with the required return equal to the expected return)?