Laser Optics will pay a common stock dividend of $1.60 at the end of the year (D1). The required rate of return on common stock (Ke) is 13 percent. The firm has a constant growth rate (g) of 7 percent. Compute the current price of the stock (P0).© BrainMass Inc. brainmass.com March 21, 2019, 6:42 pm ad1c9bdddf
Compute the current price of the stock in this case.