A stock is expected to pay a dividen of $0.75 at the end of the year. The required rate of return is 10.5%, and the expected constant growth rate is 8.2%. What is the stock's current price

P0 = $32.60869565 rounded off to $32.61

Explanation:

Using the constant growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,

P0 = D1 / (r - g)

Where,

P0 = 0.75  /  (0.105 - 0.082)

P0 = $32.60869565 rounded off to $32.61

answer; i believe that (pastoral society) is the correct answer;

if you do not file your taxes you will not have a job, and you credit rate will go down.