### What is connors current stock price

Assignment Help Finance Basics
##### Reference no: EM13303043

The Connors Company's last dividend was \$1.00. Its dividend growth rate is expected to be constant at 15% for 2 years, after which dividends are expected to grow at a rate of 10% forever. Connors' required return (rs) is 12%. What is Connors' current stock price?

a.\$56.82
b.\$58.15
c.\$54.91
d.\$60.07
e.\$62.87

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