Question: 4. Thomas, Inc., just paid a dividend of $2.50 per share on its stock. The dividends are expected to grow at a constant rate of

4. Thomas, Inc., just paid a dividend of $2.50 per share on its stock. The dividends are expected to grow at a constant rate of 6 percent per year, indefinitely. Assume investors require a 12 percent return on this stock. What is the current price? SHOW ALL WORK: Formula: P0=D0(1+g)/(Rg)

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