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Company Z - prime's earnings and dividends per share are expected to grow by 4 % a year. Its growth will stop after year 4
Company Zprime's earnings and dividends per share are expected to grow by a year. Its growth will stop after year In year and afterward, it will pay out all earnings as dividends. Assume next year's dividend is $ the cost of equity is and next year's EPS is $ What is Zprime's stock price?
Note: Do not round intermediate calculations. Round your answer to decimal places.
tableStock price,$
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