Business, 05.05.2020 23:19, arizola757

Tresnan Brothers is expected to pay a $1.60 per share dividend at the end of the year (i. e., D1 = $1.60). The dividend is expected to grow at a constant rate of 3% a year. The required rate of return on the stock, rs, is 5%. What is the stock's current value per share? Round your answer to the nearest cent.

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Tresnan Brothers is expected to pay a $1.60 per share dividend at the end of the year (i. e., D1 = $...