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The Fleming Corporation paid a dividend of $0.90 last year. Over the next 12 months, the dividend is expected to grow at 10 percent. which

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The Fleming Corporation paid a dividend of $0.90 last year. Over the next 12 months, the dividend is expected to grow at 10 percent. which is the constant growth rate for the firme: The new dividend after 12 months will represent Dy. The required rate of return is 18 percent Compute the price of a common share. (Round the final answer to 2 decimal places.) Common share price $ 11.25

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