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QUESTION
At the end of the coming year, State Street Corporation will pay a dividend of $4.00 per share on its common stock. The required rate of return is...
At the end of the coming year, State Street Corporation will pay a dividend of $4.00 per share on its common stock. The required rate of return is 11%. The firm expects growth to occur at a constant rate of 6%. What is the value of a share of State Street's stock?
