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What about Kraft Heinz. They currently pay an annual dividend of $5.99 and we expect that to grow at a constant rate of 3.5%.
What about Kraft Heinz. They currently pay an annual dividend of $5.99 and we expect that to grow at a constant rate of 3.5%. Assuming the market requires a(n) 10.0% return from Kraft Heinz, what is their stock worth? (Answer with 2 decimals.)
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
12th edition
1285850033, 978-1305480698, 1305480694, 978-0357688236, 978-1285850030
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