Your broker offers to sell you shares of wingler amp


Your broker offers to sell you shares of Wingler & Company common stock, which paid a dividend of $2 yesterday. You expect the dividend to grow at a rate of 5% per year into perpetuity. If the appropriate rate of return for the stock is 12%, what is the market value of Wingler's stock?

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Financial Management: Your broker offers to sell you shares of wingler amp
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