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Need help solving part b!! Pharmecology just paid an annual dividend of $1.55 per share. It's a mature company, but future EPS and dividends are

image text in transcribedNeed help solving part b!!

Pharmecology just paid an annual dividend of $1.55 per share. It's a mature company, but future EPS and dividends are expected to grow with inflation, which is forecasted at 3.75% per year. The nominal cost of capital is 10.50%. a. What is Pharmecology's current stock price? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Current stock price 23.82 b. What would be Pharmecology's current stock price using forecasted real dividends and a real discount rate? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Current stock price

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