BUSI 530- Steady As She Goes Inc. will pay a year-end dividend
Steady As She Goes Inc. will pay a year-end dividend of $3.30 per share. Investors expect the dividend to grow at a rate of 4% indefinitely.a.If the stock currently sells for $33 per share, what is the expected rate of return on the stock? (Do not round intermediate calculations. Enter your answer as a whole percent.) Expected rate of return % b.If the expected rate of return on the stock is 16.5%, what is the stock price? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Stock price$
