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QUESTION
/share at the latest year-end, and the dividend is expected to grow at 7% for the foreseeable future, what is the rational price of this firm's stock?...
if this company paid annual dividend of &8/share at the latest year-end, and the dividend is expected to grow at 7% for the foreseeable future, what is the rational price of this firm's stock? If the stock currently trades at $80, is this a "must-buy" or "must-sell"? Why?
