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Nussenberg Corporation's stock just paid a dividend of $1.50 a share (i.e., Do = $1.50). The dividend is expected to grow at a constant
Nussenberg Corporation's stock just paid a dividend of $1.50 a share (i.e., Do = $1.50). The dividend is expected to grow at a constant rate of 5% a year. If its required return, rs, is 7.5%, what is the stock's current price (PO)?
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