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Benning common stock recently paid a $4.00 dividend. The dividend growth rate over the past 10 years has been 5.00%. The market required rate of
Benning common stock recently paid a $4.00 dividend. The dividend growth rate over the past 10 years has been 5.00%. The market required rate of return over the past five years has been 11.00% and continues to be the required rate of return.
What was the price of Benning stock 3 years ago?
What is the expected price from 5 years from today, assuming the dividend growth remains constant?
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