Question: Estimating Company Value Using DDM with Increasing Perpetuity Assume that a company's dividends per share are projected to grow at 3% each year, its next

Estimating Company Value Using DDM with Increasing Perpetuity Assume that a

Estimating Company Value Using DDM with Increasing Perpetuity Assume that a company's dividends per share are projected to grow at 3% each year, its next year's dividends per share is $1.10, and its cost of equity capital is 5%. Estimate the company's per share stock price. Round your answer to the nearest dollar. $

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