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Nick Inc. just paid a $2 dividend on its common stock and expects to continue growing dividends at an average rate of 5% each year,
Nick Inc. just paid a $2 dividend on its common stock and expects to continue growing dividends at an average rate of 5% each year, from now to infinity. If the require rate of return for this stock is 9%.. what is the value of this stock using the dividend dividend model? Should she investor buy this stock if it's current price is $55.40? Why / why not
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