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Question #11 and #12 use the following setup. The next dividend payment by Halestorm, INC., will be $2.04 per share. The dividends are anticipated to
Question #11 and #12 use the following setup. The next dividend payment by Halestorm, INC., will be $2.04 per share. The dividends are anticipated to maintain a growth rate of 4.5 percent forever.
If the required return of the stock is 9.6 percent per year, what is price of Halestorms stock today?
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