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The Concord Companies (CC) paid an annual dividend last year of $.90. Beginning this year, the company is expected to grow at a constant annual
The Concord Companies (CC) paid an annual dividend last year of $.90. Beginning this year, the company is expected to grow at a constant annual rate of 6%. The company is currently trading at a PE of 11. Its earnings per share is $2.38. CC has a Beta of 1.36. Assume a risk-free rate of 4% and an equity premium of 5%.
What is CC current stock price?
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