(Answered) Suppose pale hose inc has just paid a dividend of 160 per

Finance

Suppose Pale Hose, Inc. has just paid a dividend of $1.60 per share. Sales and profits for Pale Hose are expected to grow at a rate of 7% per year. Its dividend is expected to grow by the same amount. If the required return is 12%, what is the value of a share of Pale Hose?

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