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Problem 8-19 Value a Constant Growth Stock (LG8-5) Financial analysts forecast Safeco Corp.s (SAF) growth rate for the future to be 8 percent. Safecos recent
Problem 8-19 Value a Constant Growth Stock (LG8-5)
Financial analysts forecast Safeco Corp.s (SAF) growth rate for the future to be 8 percent. Safecos recent dividend was $1.75. |
What is the value of Safeco stock when the required return is 10 percent? |
Value of stock | $ |
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