What is the price today in dollars and cents of a stock, Ask an Expert

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What is the price today (in dollars and cents) of a stock whose dividend per share is currently $2.10 and who expects to pay this same dividend per share at the end of each future year forever? That is, the assumption is that the current dividend per share will never change. The stock's required rate of return is 5.35%.

Do not place a dollar sign or comma in your answer. Work your analysis using at least four decimal places.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92262583

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