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QUESTION
A stock is expected to pay a dividend of $2.20 at the end of the year (D 1 = 2. The required rate of return is r s = 12% and the expected constant...
1. A stock is expected to pay a dividend of $2.20 at the end of the year (D1 = 2.2). The required rate of return is rs= 12% and the expected constant growth rate is G= 5%. What is the stock's current price?
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