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Ruby Co. paid a dividend of $6.50 on its common stock yesterday. The company's dividends are expected to grow at a constant rate of 9.5%
Ruby Co. paid a dividend of $6.50 on its common stock yesterday. The company's dividends are expected to grow at a constant rate of 9.5% indefinitely. If the required rate of retum on this stock is 16.5%, compute the current value per share of Ruby Co stock. $107.12 $102.38 . $98.90 $108.18 OD. O E $101.43
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