Question: Estimating Company Value Using DDM with Increasing Perpetuity Assume that a company paid $1.20 dividend per common share, its dividend per share is expected to

Estimating Company Value Using DDM with Increasing Perpetuity Assume that a company paid $1.20 dividend per common share, its dividend per share is expected to grow at a constant rate of 2%, and its cost of equity capital is 5%. Estimate the company’s per share stock price.

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