The dividend is expected to grow at a constant rate of 7 a, Ask an Expert

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Boehm Incorporated is expected to pay a $ 1.50 per share dividend at the end of the year ( i. e., D1 =$ 1.50). The dividend is expected to grow at a constant rate of 7% a year. The required rate of return on the stock, rs, is 15%. What is the value per share of the company's stock?

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