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Please show work. A company just paid a dividend of $2.00 per share on its stock. The dividends are expected to grow at a constant
Please show work.
A company just paid a dividend of $2.00 per share on its stock. The dividends are expected to grow at a constant rate of 7 percent per year indefinitely. Investors require a return of 10 percent on the company's stock. a. What is the current stock price? b. What will the stock price be in 10 years Step by Step Solution
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