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Computation of current price of share

The Brennan CO. just paid dividend of $1.40 per share on its stock. The dividends are expected to grow at a constant rate of 6% per year indefinitely. If investors require a 12% return on the stock,

a. What is the current price?

b. What will be the price in 3 years?

c. What will be the price in 15 years?

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9161793

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