Business, 06.03.2020 02:59, Perez9126

Gilmore, Inc., just paid a dividend of $3.20 per share on its stock. The dividends are expected to grow at a constant rate of 6.25 percent per year, indefinitely. Assume investors require a return of 12 percent on this stock. What is the current price?

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Gilmore, Inc., just paid a dividend of $3.20 per share on its stock. The dividends are expected to g...