Bioscience inc will pay a common stock dividend of 445 at, Ask an Expert

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BioScience Inc. will pay a common stock dividend of $4.45 at the end of the year (D1). The required return on common stock (Ke) is 16 percent. The firm has a constant growth rate (g) of 8 percent.

Compute the current price of the stock (P0). (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92721520

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