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Reno Corporation stock has just paid its annual dividend of $2.00. This dividend will become $2.10 next year, in line with the long-term growth record
Reno Corporation stock has just paid its annual dividend of $2.00. This dividend will become $2.10 next year, in line with the long-term growth record of the company. Considering the risk of the company, the stockholders have a 15% required rate of return. Find the price of one share of Reno stock
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