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Veazy & Sons, Inc. stock currently sells for $25 and just paid a dividend of $1.25. The dividend is expected to grow at a constant
Veazy & Sons, Inc. stock currently sells for $25 and just paid a dividend of $1.25. The dividend is expected to grow at a constant rate of 6% for the next several years. Assuming the stock is in equilibrium, what is the required rate of return? What stock price is expected two years from today?
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