Question: The FIN340 Company has a required return of $12% per year on its stock, stock analysts are forecasting it will pay a dividend of $5.36

The FIN340 Company has a required return of $12% per year on its stock, stock analysts are forecasting it will pay a dividend of $5.36 per share exactly one year from today, and the future dividend growth rate is expected to be 7% per year - What should be the current per share value of this stock using the Dividend Discount (Constant Growth) Model?

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