Thomas brothers is expected to pay a 15 per share dividend, Ask an Expert

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Thomas Brothers is expected to pay a $1.5 per share dividend at the end of the year (that is, D1 = $1.5). The dividend is expected to grow at a constant rate of 8% a year. The required rate of return on the stock, rs, is 15%. What is the stock's current value per share? Round your answer to two decimal places

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Financial Management, Finance

Category:- Financial Management
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