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Amalgamated Industries just paid a dividend of $0.80 per share. Dividends are expected to grow...

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Finance

Amalgamated Industries just paid a dividend of $0.80 per share. Dividends are expected to grow at 5% per year indefinately. If investor's have a required return of 12.5%, how much should the stock sell for?

Question 3 options:

$11.20

$10.67

$6.40

$5.78

$6.72

Answer & Explanation Solved by verified expert
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