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Schnusenberg Corporation just paid a dividend of D 0 = $0.75 per share, and that dividend is expected to grow at a constant rate of
Schnusenberg Corporation just paid a dividend of D 0 = $0.75 per share, and that dividend is expected to grow at a constant rate of 6.50% per year in the future. The company's beta is 1.70, the required return on the market is 9.50%, and the risk-free rate is 4.50%. What is the company's current stock price? Do not round intermediate calculations.
a. | $7.40 | |
b. | $10.52 | |
c. | $7.89 | |
d. | $9.74 | |
e. | $12.29 |
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