What should be the current price of the stock, Finance Basics

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What should be the current price of the stock

Problem

Dimson Corp paid out a dividend of $3.10 for the year just ended. The expected dividend yield on Dimson stock is 6%, and the expected capital gains yield on the stock is 4%. Based on this information, what should be the current price of this stock?

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Finance Basics: What should be the current price of the stock

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Finance Basics: What should be the current price of the stock

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