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Please show step by step how to solve. Thank you. A share of F Inc. common stock is expected to pay a dividend of $0.63
Please show step by step how to solve. Thank you.
A share of F Inc. common stock is expected to pay a dividend of $0.63 at the end of this year. If the expected long-run growth rate of this stock is 6.15%, and if investors require rate of return is 8.33%, What is the appropriate stock price today (give me the price to the penny)?
Answer: 28.9
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