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Problem:

Stone Sour Corporation is expected to pay the following dividends over the next four years: $8, $13, $15, and $2.50. Afterwards, the company pledges to maintain a constant 5 percent growth rate in dividends, forever.

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Question: If the required return on the stock is 11 percent, what is the current share price?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91168910

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