Stock G's last dividend was $1.60 per share and is expected to grow at a rate of
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Question:
Stock G's last dividend was $1.60 per share and is expected to grow at a rate of 4%.
a. Using constant growth valuation, what is the expected price of the stock if my required return is 12%?
b. If the G stock is selling at $23.50 I should purchase the stock. (true or false?)
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