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Woidtke Manufacturing's stock currently sells for $38 a share. The stock just paid a dividend of $1.25 a share(D 0 =1.25), and the dividend is
- Woidtke Manufacturing's stock currently sells for $38 a share. The stock just paid a dividend of $1.25 a share(D0=1.25), and the dividend is expected to grow forever at a constant rate of 7% a year.
What stock price is expected 1 year from now?
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
16th Edition
013749601X, 978-0137496013
