Business, 06.05.2020 05:37 cheath104

ZZZ Corporation is issuing Common Stocks that are expected to pay $14 dividend per year and this company is expected to grow at 1% per year. Concurrently, the expected rate of return on stocks with similar risk is 9 % per year. Based on this data, find the pure price per share of common stock issued by ZZZ Corporation. Note: round your answer to two decimal places, and do not include spaces, currency signs, plus or minus signs, nor commas.

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ZZZ Corporation is issuing Common Stocks that are expected to pay $14 dividend per year and this com...

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