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Woidtke Manufacturing's stock currently sells for $18 a share. The stock just paid a dividend of $1.40 a share (i.e., D0 = $1.40), and the
Woidtke Manufacturing's stock currently sells for $18 a share. The stock just paid a dividend of $1.40 a share (i.e., D0 = $1.40), and the dividend is expected to grow forever at a constant rate of 6% a year. What stock price is expected 1 year from now? Do not round intermediate calculations. Round your answer to the nearest cent
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Innovation And Technology
Authors: Nikos Vernardakis
1st Edition
0415676800, 978-0415676809
