Pharsalus inc just paid a dividend ie d0 of 117 per share, Ask an Expert

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Pharsalus Inc. just paid a dividend (i.e., D0) of $ 1.17 per share. This dividend is expected to grow at a rate of 8.5 percent per year forever. The appropriate discount rate for Pharsalus's stock is 12.7 percent. What is the price of the stock? (Round your answer to 2 decimal places and record your answer without dollar sign or commas)

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Financial Management, Finance

Category:- Financial Management
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