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A stock is expected to pay a dividend of $1.75 at the end of the year

Question # 00711700
Subject: General Questions
Topic: General General Questions
Due on: 09/14/2018
Posted On: 09/14/2018 01:11 PM

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A stock is expected to pay a dividend of $1.75 at the end of the year [this year]. The required rate of return, or the opportunity cost, is 8.5%, and the expected constant growth rate is g = 6.4%. What is the stock's current price?

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A stock is expected to pay a dividend of $1.75 at the end of the year

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