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5. Problem 9.02 (Constant Growth Valuation) eBook Tresnan Brothers is expected to pay a $3.20 per share dividend at the end of the year
5. Problem 9.02 (Constant Growth Valuation) eBook Tresnan Brothers is expected to pay a $3.20 per share dividend at the end of the year (ie, D; $3.20). The dividend is expected to grow at a constant rate of 10% a year. The required rate of return on the stock, r, is 15%. What is the stock's current value per share? Round your answer to the nearest cent.
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
12th edition
1285850033, 978-1305480698, 1305480694, 978-0357688236, 978-1285850030
