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Consider the stock of BIC Company has an annual dividend of $3 in 2020. The dividend is expected to grow at a constant rate of
Consider the stock of BIC Company has an annual dividend of $3 in 2020. The dividend is expected to grow at a constant rate of 7 percent permanently in 2023. The market requires a 14 percent return on the company. What is the current price of a share of the stock?
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