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1. Thomas Brothers is expected to pay a $0.50 per share dividend at the end of the year. The dividend is expected to grow at

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1. Thomas Brothers is expected to pay a $0.50 per share dividend at the end of the year. The dividend is expected to grow at a constant rate of 7% a year. The required rate of return on the stock is 15%. (4pts) 1) What is the stock's current value per share? (3pts) 2) If the stock is currently selling at $6.78, will you buy the stock? Explain why. (1pts)

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