7. Spring Valley Bedding stock currently sells for $53 per share. The stock's dividend is expected to
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7. Spring Valley Bedding stock currently sells for $53 per share. The stock's dividend is expected to grow at 6% per year indefinitely. Spring Valley just paid a dividend of $3 per share. Given this information, calculate the stock's internal rate of return.
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Related Book For 
Investments
ISBN: 9788120321014
6th Edition
Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey
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