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Question 133 points) A share of common stock has just paid a dividend of 52.5 per share. Its expected long-run growth rate for this stock
Question 133 points) A share of common stock has just paid a dividend of 52.5 per share. Its expected long-run growth rate for this stock is 10% and if investors require a 15% rate of return, what is the price of the stock today? (Hint: Studying Chapter 7 PowerPoint slide #24 (Example Question #6) is helpful to answer this question)
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