write my assignment 4865

John is evaluating a stock that he believes will pay a dividend equal to $2.15 in exactly one year from today. Further, John expects that in addition to the dividend he will be able to sell the stock for the amount $47 per share also one year from today. Using this information, what is the stock’s price today if the required rate of return on the stock is 15.00% 

John is evaluating a stock that he believes will pay a dividend equal to $2.15 in exactly one year from today. Further, John expects that in addition to the dividend he will be able to sell the stock for the amount $47 per share also one year from today. Using this information, what is the stock’s price today if the required rate of return on the stock is 15.00%