Awm corporation expects its common stock dividend to grow, Financial Management

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Awm corporation expects its common stock dividend to grow

AWM Corporation expects its common stock dividend to grow at a constant 5 percent for the foreseeable future. The company recently paid a $4.00 dividend. If the required rate of return on the company's stock is 11 percent, what is the value (price) of the stock today?

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Financial Management: Awm corporation expects its common stock dividend to grow

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