In 2019, the utility company DTE Energy (DTE) paid a $3.78 dividend. Using D0 = $3.78, k
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● In 2019, the utility company DTE Energy (DTE) paid a $3.78 dividend. Using D0 = $3.78, k = 5 percent, and an industry average growth rate of g = 2 percent, calculate a present value estimate for DTE. Compare this with the early 2019 DTE stock price of $109.17.
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