The growth in per share FCFE of FOX,Inc.is expected to be 15%/year for the next three years,followed by a growth rate of 8%/year for two years; after this five year period,the growth in per share FCFE is expected to be 3%/year,indefinitely.The required rate of return on FOX,Inc.is 13%.Last year's per share FCFE was $1.85.What should the stock sell for today?
A)$28.99
B)$24.47
C)$26.84
D)$27.74
E)$19.18

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The Answer of The growth in per share FCFE of FOX,Inc.is expected to be 15%/year for the next three years,followed by a growth rate of 8%/year for two years; after this five year period,the growth in per share FCFE is expected to be 3%/year,indefinitely.The required rate of return on FOX,Inc.is 13%.Last year's per share FCFE was $1.85.What should the stock sell for today?
A)$28.99
B)$24.47
C)$26.84
D)$27.74
E)$19.18

The Growth in Per Share FCFE of FOX,Inc