Pink Ocean Recreation stock is currently priced at
$481.31
. Its next dividend is expected to be
$38.03
in 1 year. The stock has a beta of 1.46. The market premium is 9.31 percent, the risk-free rate is 4.33 percent, and the inflation rate is 1.55 percent. What is the price of Pink Ocean Recreation stock expected to be in 1 year? Input instructions: Round your answer to the nearest cent (so 2 decimal places). dollars

Question

Pink Ocean Recreation stock is currently priced at

$481.31

. Its next dividend is expected to be

$38.03

in 1 year. The stock has a beta of 1.46. The market premium is 9.31 percent, the risk-free rate is 4.33 percent, and the inflation rate is 1.55 percent. What is the price of Pink Ocean Recreation stock expected to be in 1 year? Input instructions: Round your answer to the nearest cent (so 2 decimal places). dollars

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