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11111nata11111 [884]
4 years ago
13

A share of common stock just paid a dividend of $1.00. If the expected long-run growth rate for this stock is 5.4%, and if inves

tors' required rate of return is 11.4%, what is the stock price? a. $16.28 b. $16.70 c. $17.13 d. $17.57 e. $18.01 quilzet

Business
1 answer:
marin [14]4 years ago
6 0

Answer:

d. $17.57

Explanation:

Please see attachment

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