Pina Clothiers Ltd's current dividend is $ 4.50. Dividends are expected to grow by 9...
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Pina Clothiers Ltd's current dividend is $ 4.50. Dividends are expected to grow by 9 percent for years 1 to 3.4 percent for years 4 to 7, and 3 percent thereafter. The required rate of return on the stock is 12 percent. What is the current stock price for Pina? (Round intermediate calculations to 4 decimal places, e.s. 45.1771 and final answer to 2 decimal places, c-3. 45.17.) Stock price $
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