Question: Monkey stock dividend has grown at 0.08 per year for as long as anyone can remember . Investors believe that a year from now the

Monkey stock dividend has grown at 0.08 per year for as long as anyone can remember . Investors believe that a year from now the company will pay a dividend of $4 and that dividends will continue their growth indefinitely. If the required rate of return is 0.22 what is the price of the stock ?

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