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2. Problem 9.02 (Constant Growth Valuation) 15 ebook Tresnan Brother is expected to pay a $3.60 per share dividend at the end of the year

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2. Problem 9.02 (Constant Growth Valuation) 15 ebook Tresnan Brother is expected to pay a $3.60 per share dividend at the end of the year (... 1 $3.50). The dividend is expected to grow at a constant rate of 3% a year. The required rate of return on the stock, s16% What is the stocks current value per shore Round your answer to the nearestent 5 Is

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