Question: Problem 12: The stock is expected to pay S9 dividends next year and the dividends are expected to grow at a rate of 3% per

Problem 12: The stock is expected to pay S9 dividends next year and the dividends are expected to grow at a rate of 3% per year indelinitely. The risk-free interest rate is 3%, the market expected rate of return is 17% and the stock beth is 10.8. Find the stock price

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