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After finishing your first finance class, you decide to start your own investment plan. Your first stock to purchase is Walgreens (WAL). You are confident
After finishing your first finance class, you decide to start your own investment plan. Your first stock to purchase is Walgreens (WAL). You are confident enough to project next years dividend as $1.00. However, you are unsure of future dividends, so you just assume they will grow at 5.00% per year going forward each year. If you want a 15.00% return on your investment, what value do you place on the stock today?
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