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Suppose Nabisco Corporation just issued a dividend of $1.49 per share yesterday. Subsequent dividends will grow at a constant rate of 4.8% indefinitely. If the required rate of return for this stock is 17.2%, what is the value of a share of common stock today? Price of stock today (to nearest cent) =__________

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92316001

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