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Roger Investments paid a dividend of $1.85 last year. The company is expected to grow at a constant rate of 5.5% indefinitely, and the
Roger Investments paid a dividend of $1.85 last year. The company is expected to grow at a constant rate of 5.5% indefinitely, and the appropriate discount rate is 12%. Calculate the stock price of the firm today. (Round your answer to two decimal places.) O $30.03 O $27.54 O $28.46 O $32.23
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Derivatives Markets
Authors: Rober L. Macdonald
4th edition
321543084, 978-0321543080
