La stock is expected to pay a dividend of 36 one year from, Ask an Expert

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LA stock is expected to pay a dividend of $3.6 one year from now. After that, dividends are expected to grow at a constant rate of 4% forever. Investors require a 9% return to invest in this stock. What is the expected price of the stock next year? Answer to 2 decimal places,

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92399438

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