Question: Q 13.15: Using the constant-growth dividend model, determine the current price of a share of stock if the expected growth rate of earnings is

Q 13.15: Using the constant-growth dividend model, determine the current price of

Q 13.15: Using the constant-growth dividend model, determine the current price of a share of stock if the expected growth rate of earnings is 6%, the common cost of equity used to finance the firm is 9%, and the most recent dividend paid by the firm is $2.50 per share.

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