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Stock Values Money, Inc. just paid a dividend of $2.50 per share on its stock. The dividends are expected to grow at a constant rate
Stock Values
Money, Inc. just paid a dividend of $2.50 per share on its stock. The dividends are expected to grow at a constant rate of 5 percent per year, indefinitely. If investors require an 11 percent return on Money stock, what is current price? What will the price be in three years? in 15 years?
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