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A firm expects to pay an annual dividend of $2.01 per share on its stock one year from today. Based on the historical dividend payment
A firm expects to pay an annual dividend of $2.01 per share on its stock one year from today. Based on the historical dividend payment pattern, an analyst assumed the dividend will grow at a constant rate of 2.42 percent per year indefinitely. The appropriate discount rate for this stock is 15.56 percent. What is the value of one share of this stock today?
Group of answer choices
$83.06
$12.92
$13.23
$15.67
$15.30
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