Question: Answer all questions and show all work, if applicable. Partial credit will not be provided without work, if work can be shown. A stock paid

Answer all questions and show all work, if applicable. Partial credit will not be provided without work, if work can be shown. A stock paid a dividend of $.50 in the current year and is expected to pay a dividend of $.75 next year (D1). The required rate of return is rs = 10.5%, and the expected constant growth rate is g = 6.4%. What is the stocks current price?

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