Question: Network One is expected to pay a dividend $2.40 at the end of the year. If the company has a requried rate of return of

Network One is expected to pay a dividend $2.40 at the end of the year. If the company has a requried rate of return of 11%, and constant growth rate of 4%, what is the current stock price ? Answer should be between 16.80 and 67.50.

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