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  3. 9. tresnan brothers is expected to pay a $3.30

9. Tresnan Brothers is expected to pay a $3.30 per share...

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Finance

9.
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Tresnan Brothers is expected to pay a $3.30 per share dividend at the end of the year (h.e.,D1=$3,30), The dividend is expected to grow at a constant rate of 8%6 a year. The required rate of return on the stock, Fs is 20%. What is the stock's current value per share? Round your answer to the nearest cent

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