The interest rate is 6%. Microsoft stock pays annual dividends that start at $12 next year and then grow by 2.5% every year thereafter, forever. a. What should be the price of Microsoft stock? What is the P/E ratio? b. What should its price be if dividends grow at 4% per year? What is the P/E ratio now?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter8: Basic Stock Valuation
Section: Chapter Questions
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Hi expert please give me answer general accounting

The interest rate is 6%. Microsoft stock pays annual dividends
that start at $12 next year and then grow by 2.5% every year
thereafter, forever.
a. What should be the price of Microsoft stock? What is the P/E
ratio?
b. What should its price be if dividends grow at 4% per year?
What is the P/E ratio now?
Transcribed Image Text:The interest rate is 6%. Microsoft stock pays annual dividends that start at $12 next year and then grow by 2.5% every year thereafter, forever. a. What should be the price of Microsoft stock? What is the P/E ratio? b. What should its price be if dividends grow at 4% per year? What is the P/E ratio now?
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