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Suppose NoGro, Inc. has just issued a dividend of $2.90 per share. Subsequent dividends will remain at $2.90 indefinitely. If the required return on the
Suppose NoGro, Inc. has just issued a dividend of $2.90 per share. Subsequent dividends will remain at $2.90 indefinitely. If the required return on the company's stock is 15%, what is the current value of one share of NoGro's stock? Also, if I can get the explanation on how to do it on the financial calculator that will be great. Thanks!
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