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A stock is expected to pay a dividend (D1) of $1 at the end of the year. The required rate of return (r,) is
A stock is expected to pay a dividend (D1) of $1 at the end of the year. The required rate of return (r,) is 11%, and the expected constant growth rate (g) is 5%. What is the current stock price? O $16.67 O $18.83 $20.00 $21.67
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
12th edition
1285850033, 978-1305480698, 1305480694, 978-0357688236, 978-1285850030
