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Calculate the stock price for a firm that is expected to pay a dividend of $3.30 a year from today and is also expected to
Calculate the stock price for a firm that is expected to pay a dividend of $3.30 a year from today and is also expected to grow the dividend at a constant rate of 4.3% per year indefinitely. Assume a required rate of return of 6.2%.
1. $173.68
2. $181.15
3. $97.07
4. $20.46
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