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8 - 5 A share of common stock just paid a dividend of $3.25. It is expected that the stock will grow at a rate
8 - 5
A share of common stock just paid a dividend of $3.25. It is expected that the stock will grow at a rate of 18 percent. If investors require a rate of return of 24 percent, what should be the price of the stock? (Do not round intermediate calculations. Round final answer to two decimal places.) $54.17 $15.98 $13.54 $63.92Step by Step Solution
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