Business
Business, 15.04.2020 01:00, emmie50

A stock just paid a dividend of $0.60. Next year the dividend is expected to be $0.70. The following year it is expected to be $0.80. For every year thereafter the dividend will grow by a constant 6% annually. The required return on this stock is 10%. Calculate the price of the stock today.

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A stock just paid a dividend of $0.60. Next year the dividend is expected to be $0.70. The following...

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