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A stock is expected to pay a dividend of $0.75 at the end of the year. The required rate of return is r s =
A stock is expected to pay a dividend of $0.75 at the end of the year. The required rate of return is r s = 10.5%, and the expected constant growth rate is g = 8.2%. What is the stock's current price?
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Personal Finance
Authors: Jeff Madura
5th edition
132994348, 978-0132994347
