A stock is expected to pay a dividend of 075 at the end of


A stock is expected to pay a dividend of $0.75 at the end of the year. The required rate of return is rs = 10.5%, and the expected constant growth rate is g = 6.4%.

What is the stock's current price?

 

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Finance Basics: A stock is expected to pay a dividend of 075 at the end of
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