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A stock paid its annual dividend of $6.50 per share, yesterday. Dividends are expected to grow at the rate of 6.2 percent per year indefinitely.
A stock paid its annual dividend of $6.50 per share, yesterday. Dividends are expected to grow at the rate of 6.2 percent per year indefinitely. If the required rate of return on this stock is 15.7 percent, what should the stock's price be today? $72.66 $61.35 $78.13 $68.42 $64.29
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
