1 answer

Financial analysts forecast Crestwood Equity Partners (CEQP) growth for the future to be 3.2 percent. The...

Question:

Financial analysts forecast Crestwood Equity Partners (CEQP) growth for the future to be 3.2 percent. The firm just paid a $1
Financial analysts forecast Crestwood Equity Partners (CEQP) growth for the future to be 3.2 percent. The firm just paid a $1.45 dividend. What is the value of their stock when the required rate of return is 8.4 percent? DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST CENT (example: 3.57).

Answers

Using DDM,

Stock Price = Do * (1+g) / (r-g)

= 1.45 * (1+0.032) / (0.084-0.032)

=$28.78 Answer

Kindly do inform me in case you have any queries.

.

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