Answer:
At the expected growth rate of 18% and rate of return 24% the stock price will be $63.92
Step-by-step explanation:
Stock price = $3.25 * (1+18%) / (24%- 18%)
Stock price = $3235 /0.06
Stock price = $63.92
Thus the stock price will be $63.92
7.8m questions
10.5m answers