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Tikes inc. just paid a dividend of 2$ per share. An investor estimates that dividends will keep constant for the next 3 years and then
Tikes inc. just paid a dividend of 2$ per share. An investor estimates that dividends will keep constant for the next 3 years and then decline at an annual rate of 4% to infinity. Determine the market price of this company common share if the required rate of return is 8.15%. (show work and keep 6 decimals)
What is the market price of this companys common shares (answer in $)
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