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Posted on Jul 26, 2024

Suppose that AT&T has just paid a dividend of $ 5 per share. The dividend is projected to grow at 5 % per year indefinitely.

Suppose that AT&T has just paid a dividend of $

5

per share. The dividend is projected to grow at

5 %

per year indefinitely. If the required return is

13 %,

how much is this stock worth?

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