Business, 03.11.2020 17:20 rhettperkins

"A stock is expected to pay a dividend of $1.00 at the end of the year (i. e., D1 = $1.00), and it should continue to grow at a constant rate of 6% a year. If its required return is 13%, what is the stock's expected price 1 year from today? Do not round intermediate calculations. Round your answer to the nearest cent."

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"A stock is expected to pay a dividend of $1.00 at the end of the year (i. e., D1 = $1.00), and it s...

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