Biden and Harris Company is currently retaining all of its earnings. The company plans to...
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Biden and Harris Company is currently retaining all of its earnings. The company plans to pay a $2.80 per share dividend in Year 5 and increase that dividend by 3.0 percent per year thereafter. What is the current share price if the required return is 15 percent? Group of answer choices $5.95 $13.34 $6.62 $14.29 $8.59
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