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B. Problem -2-: (05 marks) A Company's stock has just paid dividend of $6.50 and expected to pay dividend of $6.89 next year. The stock's

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B. Problem -2-: (05 marks) A Company's stock has just paid dividend of $6.50 and expected to pay dividend of $6.89 next year. The stock's required rate of return is 16%. Calculate the current market price of the stock if the dividend growth rate is constant

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