A stock just paid a dividend of $4.10. If the dividends are expected to grow at 5%

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A stock just paid a dividend of $4.10. If the dividends are expected to grow at 5% forever and the required return is 15%, what is the stock's current price? (Enter only numbers and decimals in your response. Round to 2 decimal places.)

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Fundamentals of corporate finance

ISBN: 978-0073382395

9th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Posted Date: Feb 29, 2024 03:42 AM

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A stock just paid a dividend of $4.10. If the dividends are expected to grow at 5%

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Fundamentals of corporate finance

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