Moriband corp paid a dividend of 232 yesterday the, Ask an Expert

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Moriband Corp. paid a dividend of $2.32 yesterday. The company’s dividend is expected to grow at a steady rate of 5 percent for the foreseeable future. If investors in stocks of companies like Moriband require a rate of return of 21.0 percent, what should be the market price of Moriband stock?

Market Price $_______

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Financial Management, Finance

Category:- Financial Management
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