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Pera Inc. has been following a stable dividend policy over the past several years. Pera paid an annual dividend of $10 last year and dividends
Pera Inc. has been following a stable dividend policy over the past several years. Pera paid an annual dividend of $10 last year and dividends growth at an annually a rate of 5% (and expects this rate to go forever). The required rate of return is 14%.
What is today's stock price?
Question 6 options:
1) 93.64
2) 100.00
3) 104.00
4) 111.11
5) 116.67
6) 90.91
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