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Business, 30.10.2020 18:00 amselah3571

A company paid an annual dividend of $2.50 per share yesterday. The dividend is expected to remain constant for three years. At year three, after receiving the dividend, the stock can be sold for $47 a share. If the appropriate discount rate for the stock is 9.4 percent, what is the price of the stock today

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A company paid an annual dividend of $2.50 per share yesterday. The dividend is expected to remain c...
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