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A stock is expected to pay a dividend of $0.70 at the end of the year. The required rate of return is ry=12.0%, and the
A stock is expected to pay a dividend of \$0.70 at the end of the year. The required rate of return is ry=12.0%, and the eqpected constant gromth rate is g=8.2%. What is the stock's current price? a. $19.93 b. $18.42 c. $20,63 d. $5.83 e. $8.54
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