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Click here to read the eBook: Constant Growth Stocks CONSTANT GROWTH VALUATION Tresnan Brothers is expected to pay a $4 per share dividend at the
Click here to read the eBook: Constant Growth Stocks CONSTANT GROWTH VALUATION Tresnan Brothers is expected to pay a $4 per share dividend at the end of the year (i.e., D= $4). The dividend is expected to grow at a constant rate of 4% a year. The required rate of return on the stock, is, is 8%. What is the stock's current value per share? Round your answer to two decimal places
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