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Posted on Jul 19, 2024

We have bought shares of stock of a company which has just paid a dividend of $4. The company is going to increase the dividend

We have bought shares of stock of a company which has just paid a dividend of $4. The company is going to increase the dividend by 3% indefinitely. What is the current value of this stock if the required return on this stock is 6 percent?

please explain how to use excel formula to solve the question

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