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A share of common stock has just paid a dividend of $2.30. If the expected long-run growth rate for this stock is 5 percent, and
A share of common stock has just paid a dividend of $2.30. If the expected long-run growth rate for this stock is 5 percent, and if equity investors require a 12 percent rate of return, what is the fair price of the stock? a. 32.86 b. 33.12 c. 34.50 d. 35.35 e. 36.30
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