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Sooner Inc. just paid a quarter dividend of $2. If you expect a constant quarterly growth rate of 1% and have a required rate of
Sooner Inc. just paid a quarter dividend of $2. If you expect a constant quarterly growth rate of 1% and have a required rate of return of 10%, what is the current stock price according to the constant growth dividend model?
**$133.33 is a wrong answer, also note that this is a quarterly dividend
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