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A share of common stock has just paid a dividend of $3.00. If the expected long-run growth rate for this stock is 5%, and if
A share of common stock has just paid a dividend of $3.00. If the expected long-run growth rate for this stock is 5%, and if investors require an 11% rate of return, what is the price of the stock?
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Multinational Financial Management
Authors: Alan C. Shapiro
7th Edition
0471395307, 9780471395300
