You own a common stock that just paid an annual dividend of $ 2 . 5 0

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Question:

You own a common stock that just paid an annual dividend of $

2.50 .

The firm expects to grow at a

3 %

constant rate for the foreseeable. If the required rate of return for the stock is

5 %,

then what is the price that you should be able to sell the stock for now?

Posted Date: May 18, 2024 01:14 PM

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You own a common stock that just paid an annual dividend of $ 2 . 5 0

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