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Bentham Books pays annual dividends and has just paid this year's dividend of $0.65. If its equity cost of capital is 12%, and dividends are
Bentham Books pays annual dividends and has just paid this year's dividend of $0.65. If its equity cost of capital is 12%, and dividends are expected to grow by 3% per year in the future, what is the value of Bentham's stock? a $7.22 b $5.42 c $21.67 d $5.58 e $7.44
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