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could you please resolve this question for me in 30 min? Church Inc. is presently enjoying relatively high growth because of a surge in the
could you please resolve this question for me in 30 min?
Church Inc. is presently enjoying relatively high growth because of a surge in the demand for its new product, Management expects earnings and dividends to grow at a rate of 2% for the next 4 years, after which competition will probably reduce the growth rate in earnings and dividends to zero, ie, . - o. The company's last dividend, Do, was $1.25, its beta is 1.20, the market risk premium is 5 50%, and the risk-free rate is 3.00%. What is the current price of the common stock? D5 not round intermediate calculations. a $2339 b. $27.37 $32.69 d. 528.97 e. $26.57 Ofron Key Step by Step Solution
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