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The trust worthy bank declared and paid a dividend of $2 last year. The dividend amount to shareholders isexpected to grow at the rate of
The trust worthy bank declared and paid a dividend of $2 last year. The dividend amount to shareholders isexpected to grow at the rate of 10 percent while the minimum acceptable rate for the investors on the banks stock is 15 percent. What is the price at which the stock of trust worthy bank must be valued at in the market?
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