Business, 13.03.2021 01:10 donalyndearingbizz

Crisp Cookware's common stock is expected to pay a dividend of $1.75 a share at the end of this year (D1 = $1.75); its beta is 0.6. The risk-free rate is 5.8% and the market risk premium is 5%. The dividend is expected to grow at some constant rate, gL, and the stock currently sells for $80 a share. Assuming the market is in equilibrium, what does the market believe will be the stock's price at the end of 3 years (i. e., what is )? Do not round intermediate calculations. Round your answer to the nearest cent.

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Crisp Cookware's common stock is expected to pay a dividend of $1.75 a share at the end of this year...

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