Business, 25.02.2020 17:28, ckenyewildon

The Nearside Co. just paid a dividend of $1.20 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent per year, indefinitely. Investors require a return of 10 percent on the stock. What is the current price? What will the price be in 10 years?

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The Nearside Co. just paid a dividend of $1.20 per share on its stock. The dividends are expected to...