[Solved] Factory A offers $5.00 a share. Dividends

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Factory A offers $5.00 a share. Dividends are expected to grow at 6% per year and the current dividend is $1 per share. The expected

Factory A offers $5.00 a share. Dividends are expected to grow at 6% per year and the current dividend is $1 per share. The expected rate of return is 20%. What should the current stock price be?

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