Harry Corporation's common stock currently sells for $179.85 per share. Harry paid a dividend of...
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Finance
Harry Corporation's common stock currently sells for $179.85 per share. Harry paid a dividend of $10.18 yesterday, and dividends are expected to grow at a constant rate of 6 percent forever. The required rate of return is 12 percent.
1. Calculate the dividend in one year. _______%
2. Stock price in 1 year is $________.
3. What will Harry Corporation's stock sell for one year from now, immediately after it pays its next dividend?
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