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This is confusing I need help. thanks a) North Industries is a constant growth company whose last dividend was $5.50 and whose dividend is expected
This is confusing I need help. thanks
a) North Industries is a constant growth company whose last dividend was $5.50 and whose dividend is expected to grow indefinitely at a 5.25% growth rate. The company's required return is 18.25%. Required: Calculate the current stock price of North Industries. 5 marks
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