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need help with question 21 A stock is expected to pay a dividend of $1.20 at the end of the year. The required rate of
need help with question 21
A stock is expected to pay a dividend of $1.20 at the end of the year. The required rate of return is rg=11%, and the expected constant growth rate is g=5%. What is the stock's current price? $20 $19 $18 $16 $17 Step by Step Solution
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