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14-A company is expected to pay a dividend of $1.33. Analysts expect the company's dividend to grow by 6% for long time in the future.
14-A company is expected to pay a dividend of $1.33. Analysts expect the company's dividend to grow by 6% for long time in the future. The required return on this stock is 11.00%. What is the best estimate of the stock's price? a) $22 b) $25 c) $18.86 d) $28 e) $26, 40
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