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QUESTION 11 If your stock pays a dividend D 0 = $1.52 at t = 0.and will experience a constant growth of 5.9 percent forever
QUESTION 11
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If your stock pays a dividend D0 = $1.52 at t = 0.and will experience a constant growth of 5.9 percent forever into the future, what should be the price of the stock if the required return for such stocks is 10.9 percent? Answer to the nearest cent, xxx.xx and enter without the dollar sign.
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