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Based on the following information use the constant growth model to estimate the XYZ Corporation's stock price. The most recent dividend $ 5.10 Investor's required
| Based on the following information use the constant growth model | ||||||
| to estimate the XYZ Corporation's stock price. | ||||||
| The most recent dividend | $ 5.10 | |||||
| Investor's required rate of return | 12.3% | |||||
| Expected dividend growth rate. | 1.1% | |||||
| Round your final answer to two decimal places (e.g. $30.87) |
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Fundamentals Of Investments Valuation And Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
9th Edition
1260013979, 9781260013979
