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A company just paid a dividend of $5.20 per share on its stock. The dividends are expected to grow at a constant rate of 3%
A company just paid a dividend of $5.20 per share on its stock. The dividends are expected to grow at a constant rate of 3% per year indefinitely. If investors require a return of 12.5% on the companys stock, what is the current price? What will the price be in 2 years? In 7 years
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