A stock just paid a dividend of $1.3. The required rate of return is 11.6%, and the
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A stock just paid a dividend of $1.3. The required rate of return is 11.6%, and the constant growth rate is 3%. What is the current stock price? Enter with two decimal places of precision (dollar and cents).
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Related Book For
Corporate Finance Core Principles And Applications
ISBN: 9781260571127
6th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
Posted Date: