Biogenetics Inc plans to retain and reinvest all of their earnings for the next 30 years. Investors believe that at the end of year 31 the firm will pay a dividend of $12 per share. The dividend will increase at a 6% rate annually thereafter. Given a return of 15%, what is the selling price of the stock?© BrainMass Inc. brainmass.com October 15, 2018, 6:28 pm ad1c9bdddf - https://brainmass.com/economics/finance/value-of-stock-103489
Given a return of 15%, what is the selling price of the stock?