A stock paid a dividend of %.50 in the current year and is expected to...
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Finance
A stock paid a dividend of %.50 in the current year and is expected to pay a dividend of $.75 next year (D1). the required rate of return is Rs=10.5%, and the expected constant rate is g=6.4%. what is stock's current price?
a) 17.39
b) 17.84
c) 18.29
d) 18.75
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