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1. Tresnan Brothers is expected to pay a $2.55 per share dividend at the end of the year (i.e., D 1 = $2.55). The dividend
1. Tresnan Brothers is expected to pay a $2.55 per share dividend at the end of the year (i.e., D1 = $2.55). The dividend is expected to grow at a constant rate of 3% a year. The required rate of return on the stock, rs, is 13%. What is the stocks current value per share?
a. $25.50
b. $22.57
c. $26.27
d. $15.94
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