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    Current price of the stock

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    State Street Corp. will pay a dividend on common stock of $4.00 per share at the end of the year. The required return on common stock (K ) is 11%. The firm has a constant growth rate of 6%.
    Compute the current price of the stock (P )

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    https://brainmass.com/business/finance/current-price-stock-360719

    Solution Preview

    The price of the stock is the present value of all dividends. When ...

    Solution Summary

    The solution explains how to calculate the current price of the stock

    $2.19

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