Wallace Industries Paid A Dividend Of 1 85 On Its Common Stock Yesterday The Div

Wallace Industries paid a dividend of $1.85 on its common stock yesterday. The dividends of Wallace Industries are expected to grow at 8% per year indefinitely. If the risk free rate is 4% and investors’ risk premium on this stock is 9%, estimate the value of Wallace Industries stock 2 years from now. a. $199.80 b. $46.61 c. $41.81 d. $38.11

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