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Valuing a Firm with Constant Dividend Growth Problem Consolidated Edison, Inc. (Con Edison), is a regulated utility company that services the New York City area.

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Valuing a Firm with Constant Dividend Growth Problem Consolidated Edison, Inc. (Con Edison), is a regulated utility company that services the New York City area. Suppose Con Edison plans to pay $2.60 per share in dividends in the coming year. If its equity cost of capital is 6% and dividends are expected to grow by 2% per year in the future, estimate the value of Con Edison's stock

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