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Tresnan Brothers is expected to pay a $2.90 per share dividend at the end of the year (i.e., D1 = $2.90). The dividend is
Tresnan Brothers is expected to pay a $2.90 per share dividend at the end of the year (i.e., D1 = $2.90). The dividend is expected to grow at a constant rate of 4% a year. The required rate of return on the stock, rs, is 11%. What is the stock's current value per share? Round your answer to the nearest cent. $
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
