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Bjorn Company just paid annual dividend of $2.50 per share. The required rate of return in 12 percent and dividends are projected to grow at

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Bjorn Company just paid annual dividend of $2.50 per share. The required rate of return in 12 percent and dividends are projected to grow at a constant rate of 5 percent indefinitely. What will the stock price be in 15 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 12.47) Previous page Next page

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