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Problem:

Van Buren currently expects to pay a year end dividend of $2.00 a share. Van Buren's dividend is expected to grow at a constant rate of 5% a year and its beta is 0.9.

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Question: What is the current price of Van Buren's stock?

Note: Be sure to show how you arrived at your answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91170361

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