Question: Consider a stock that is expected to pay a dividend of $2.76 one year from now. The dividend is expected to grow at a

Consider a stock that is expected to pay a dividend of $2.76

Consider a stock that is expected to pay a dividend of $2.76 one year from now. The dividend is expected to grow at a constant rate of 1.7% per year forever. Firms in the same industry provide an expected rate of return of 13.5%. What is the current price of the stock? Enter your response below rounded to 2 DECIMAL PLACES. Number

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GIVEN Expected rate of returnCost of equityk1350135 Growth Rateg17001... View full answer

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