d er Bartlett Batteries Inc. just paid an annual dividend of $0.68. If you expect a constant growth rate of 3.2% and have a required rate of return of 6.9%, what is the current stock price $_____ according to the constant growth dividend model? (Round to cents, e.g., input 28.92 for $28.92) 18.38 18.97 margin of error +/- 0.01

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Question 15
Bartlett Batteries Inc. just paid an annual dividend of $0.68. If you expect
a constant growth rate of 3.2% and have a required rate of return of
6.9%, what is the current stock price $____ according to the constant
growth dividend model? (Round to cents, e.g., input 28.92 for $28.92)
18.38
18.97 margin of error +/- 0.01
Transcribed Image Text:ered swer Question 15 Bartlett Batteries Inc. just paid an annual dividend of $0.68. If you expect a constant growth rate of 3.2% and have a required rate of return of 6.9%, what is the current stock price $____ according to the constant growth dividend model? (Round to cents, e.g., input 28.92 for $28.92) 18.38 18.97 margin of error +/- 0.01
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