Quantitative Problem 1 Hubbard Industries just paid a common dividend, D 0 , of $1 40 It expects to grow at a constant rate of 3 per year If investors require a 11 return on equity, what is the current price of Hubbard's common stock Round your answer to the nearest cent Do not round intermediate calculations $ per share

Question

Quantitative Problem 1  Hubbard Industries just paid a common dividend, D 0 , of $1 40  It expects to grow at a constant rate of 3  per year  If investors require a 11  return on equity, what is the current price of Hubbard's common stock  Round your answer to the nearest cent  Do not round intermediate calculations  $ per share

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Quantitative Problem 1: Hubbard Industries just paid a common dividend, D 0 , of $1.40. It expects to grow at a constant rate of 3%

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