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Tresnan Brothers is expected to pay a $3.40 per share dividend at the end of the year (i.e., D1 = $3.40). The dividend is
Tresnan Brothers is expected to pay a $3.40 per share dividend at the end of the year (i.e., D1 = $3.40). The dividend is expected to grow at a constant rate of 4% a year. The required O rate of return on the stock, rs, is 10%. What is the stock's current value per share? Round your answer to the nearest cent. $
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International Financial Management
Authors: Geert Bekaert, Robert J. Hodrick
2nd edition
013299755X, 132162768, 9780132997553, 978-0132162760
