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QUESTION
Homewok #5B (Value of Common Stock, Expected Rate of return on Common Stock
Homewok #5B (Value of Common Stock, Expected Rate of return on Common Stock
Finance
Question 3 (1 point)
The Black Forest Cake Company just paid an annual dividend of $5.80. If you expect a constant growth rate of 4.82 percent, and have a required rate of return of 8.82 percent, what is the current stock price according to the constant growth dividend model?
Round the answer to two decimal places.
