[Solved] Kramerica Industries paid $3.00 per share

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Kramerica Industries paid $3.00 per share in dividends yesterday. Its dividends are expected to grow steadily at 4% per year. If the required return is

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Kramerica Industries paid $3.00 per share in dividends yesterday. Its dividends are expected to grow steadily at 4% per year. If the required return is 8.4%, what is the current price (PO)? $70.91 $69.24 $70.10 $68.52

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