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How much should you pay for a share of stock that offers a constant growth rate of 10%, requires a 16% rate of return, and
How much should you pay for a share of stock that offers a constant growth rate of 10%, requires a 16% rate of return, and is expected to sell for $45.48 one year from now?
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Corporate Finance
Authors: Jonathan Berk and Peter DeMarzo
3rd edition
978-0132992473, 132992477, 978-0133097894
