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Company X has just paid a dividend of $1.50 per share. It is expected that the dividends from this company will grow at a rate
Company X has just paid a dividend of $1.50 per share. It is expected that the dividends from this company will grow at a rate of 5% per year for the foreseeable future. The required return on Company X's stock is 11%. What is the value of Company X's stock? Multiple Choice O o $26.25 $14.32 O O $13.64 O o $25.00 O O $30.00
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