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Valuation of a constant growth stock

A stock is expected to pay a dividend of $3.00 the end of the year (that is, D1 = $3.00), and it should continue to grow at a constant rate of 4% a year. If its required return is 14%, what is the stock's expected price 1 year from today? Round your answer to two decimal places

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91265636

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