Gilmore inc just paid a dividend of 330 per share on its, Ask an Expert

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Gilmore, Inc., just paid a dividend of $3.30 per share on its stock. The dividends are expected to grow at a constant rate of 4.5 percent per year, indefinitely. Assume investors require a return of 9 percent on this stock. What is the current price? what will the price be in six years and in thirteen years?

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Financial Management, Finance

Category:- Financial Management
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