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The Bills just paid a common dividend, D0, of $5.00. It expects to grow at a constant rate of 12% per year. If investors require
The Bills just paid a common dividend, D0, of $5.00. It expects to grow at a constant rate of 12% per year. If investors require a 20% return on equity, what is the current price of the common atock? Do not round intermediate calculations. Round your answer to the nearest cent. Do not put a $ in the beginning of your number. If the answer is $7.00, you should enter 7.00
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