Evanston corp paid a 5 semi-annual dividend four months ago, Ask an Expert

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Evanston Corp. paid a $5 semi-annual dividend four months ago. The firm is expected to pay $4.2 dividend in two months, and the following semi-annual dividends are expected to grow at a rate of 3.2% every 6- month forever. Given the effective annual rate of return on Evanston is 7.8%, what is its stock price today?

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Financial Management, Finance

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