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Al-Quds bank stock dividend has grown at 0.07 percent per year for as long as anyone can remember. Investors believe that a year from now
Al-Quds bank stock dividend has grown at 0.07 percent per year for as long as anyone can remember. Investors believe that a year from now the company will pay a dividend of $1.5 and that dividends will continue their 0.07 percent growth indefinitely. If the markets required return on the bank stock is 0.15 percent.
what is the price of the stock?
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