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A stock just paid a dividend of $2.71. Going forward, dividends will be paid annually and grow at a constant rate of 2.2% per year.
A stock just paid a dividend of $2.71. Going forward, dividends will be paid annually and grow at a constant rate of 2.2% per year. If the discount rate is 10.1%, what is a fair price for the stock today? Round your answer to the nearest penny. 35.06 Submit
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The Making Of Finance
Authors: Isabelle Chambost, Marc Lenglet, Yamina Tadjeddine
1st Edition
1138498572, 978-1138498570
