Hubbard industries just paid a common dividend d0 of 110 it, Ask an Expert

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Hubbard Industries just paid a common dividend, D0, of $1.10. It expects to grow at a constant rate of 4% per year. If investors require a 9% return on equity, what is the current price of Hubbard's common stock? Round your answer to the nearest cent. Do not round intermediate calculations.

$ per share

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92746195

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