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The common stock of a company is currently selling for $15 per share. The company has been growing at a constant annual rate of 3
The common stock of a company is currently selling for $15 per share. The company has been growing at a constant annual rate of 3 percent, and this growth is expected to continue for an infinite period. The required rate on the stock is 7 percent. If you buy the stock today, what is the next dividend you would receive? PLS answer asap
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