Popovich corp is just about to pay an annual dividend of, Ask an Expert

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Popovich Corp. is just about to pay an annual dividend of $2.45 per share. Investors anticipate that the annual dividend will rise by 2.01% a year forever. The applicable annual discount rate is 11.03%. What is the price of the stock today? Hint: apply the constant dividend growth model to determine the value of the future annual dividends. Then add the dividend that will be paid soon to this result. Do not round at intermediate steps in your calculation. Round to two decimal places. Do not type the $ symbol.

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Financial Management, Finance

Category:- Financial Management
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