A company just paid a dividend of $1. The dividend is expected to grow 5% per year

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A company just paid a dividend of $1. The dividend is expected to grow 5% per year forever. What is the price of the stock if investors require a 9% return? Show your work.

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Corporate Finance A Focused Approach

ISBN: 978-1305637108

6th edition

Authors: Michael C. Ehrhardt, Eugene F. Brigham

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Posted Date: Jun 22, 2023 05:37 AM

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A company just paid a dividend of $1. The dividend is expected to grow 5% per year

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Corporate Finance A Focused Approach

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