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A company is expected to pay an annual dividend of $1.20 per share and it is expected that these dividend payments are expected to grow
A company is expected to pay an annual dividend of $1.20 per share and it is expected that these dividend payments are expected to grow by 7% per year. If company's equit cost of capital is 10%, then the value of a share of company's stock is closest to $12.00 OA. B. $42.80 $40.00 C. D. $17.14
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