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Business, 26.06.2020 16:01 rohandpatil

The Delta Manufacturing Company has a marginal tax rate of 21 %. The last dividend paid by Delta was $2.60. The expected long-run growth rate is 4%. If investors require 11% rate of return, what is the current price of the stock (P0)?

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The Delta Manufacturing Company has a marginal tax rate of 21 %. The last dividend paid by Delta was...
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