The ackert companys last dividend was 155 the dividend

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The Ackert Company's last dividend was $1.55. The dividend growth rate is expected to be constant at 1.5% for 2 years, after which dividends are expected to grow at a rate of 8.0% forever. The firm's required return (rs) is 12.0%. What is the best estimate of the current stock price?

a. 37.05

b. 38.16

c. 39.30

d. 40.48

e. 41.70

Reference no: EM13569611

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