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(Stock valuation) Let's say the Mill Due Corporation is expected to pay a dividend of $5.00 per year on its common stock forever into the future. It...
(Stock valuation) Let’s say the Mill Due Corporation is expected to pay a dividend of $5.00per year on its common stock forever into the future. It has no growth prospects whatsoever.If the required return on Mill Due’s common stock is 14%, what is a share worth?
