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The last dividend paid by Wilden Corporation was $1.00. The dividend growth rate is expected to be constant at 1.5% for 2 years, after which
The last dividend paid by Wilden Corporation was $1.00. The dividend growth rate is expected to be constant at 1.5% for 2 years, after which dividends are expected to grow at a rate of 8.0% forever. The firm's required return (rS) is 12.0%. What is the best estimate of the current stock price? Select the correct answer. a. $24.81 b. $22.99 c. $23.90 d. $22.08 e. $25.72
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