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Thomas Brothers is expected to pay a $2.8 per share dividend at the end of the year (that is, D1=$2.8 ). The dividend is expected

image text in transcribed Thomas Brothers is expected to pay a $2.8 per share dividend at the end of the year (that is, D1=$2.8 ). The dividend is expected to grow at a constant rate of 6% a year. The required rate of return on the stock, rs, is 16%. What is the stock's current value per share? Round your answer to two decimal places. $ Thomas Brothers is expected to pay a $2.8 per share dividend at the end of the year (that is, D1=$2.8 ). The dividend is expected to grow at a constant rate of 6% a year. The required rate of return on the stock, rs, is 16%. What is the stock's current value per share? Round your answer to two decimal places. $

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