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A firm has experienced a constant annual rate of dividend growth of 7 percent on its common stock and the most recent dividend per share
A firm has experienced a constant annual rate of dividend growth of 7 percent on its common stock and the most recent dividend per share is $2.70. The firm can earn 12 percent on similar risk involvements. What is the value of the firm's common stock?
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Financial Markets And Institutions
Authors: Jeff Madura
8th Edition
0324568215, 978-0324568219
