Question: NBC company is expected to pay a $ 2 . 5 0 per share dividend at the end of this year ( i . e

NBC company is expected to pay a $2.50 per share dividend at the end of this year (i.e., D1=$2.50). The dividend is expected to grow at a constant rate of 5% a year from the current period to the foreseable future. The required rate of return on the stock, rs , is 15%. What is the price per share of NBC's stock today?

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