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After careful analysis, you have determined that a firm's dividends should grow at 5%,on average, in the foreseeable future. The firm's last dividend was $1.50.
After careful analysis, you have determined that a firm's dividends should grow at 5%,on average, in the foreseeable future. The firm's last dividend was $1.50. Compute the current price of this stock, assuming the required return is 10%.The current stock price is
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