Consider a stock that is expected to pay a dividend of $1.93 one year from now. The

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Consider a stock that is expected to pay a dividend of $1.93 one year from now. The dividend is expected to grow at a constant rate of 2.4% per year forever. Firms in the same industry provide an expected rate of return of 9%. What is the current price of the stock?

Posted Date: May 20, 2024 06:04 AM

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Consider a stock that is expected to pay a dividend of $1.93 one year from now. The

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