Finance Homework 2
Question # 00803839
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Updated on: 04/25/2021 06:01 AM Due on: 05/19/2021
1.9 Tresnan Brothers is expected to pay a $2.20 per share dividend at the end of the year (i.e., D1 = $2.20). The dividend is expected to grow at a constant rate of 6% a year. The required rate of return on the stock, rs, is 11%. What is the stock's current value per share? Round your answer to the nearest cent.
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