Problem 4 (See pages 310 - 314) Humana Inc. paid a dividend on common stock...
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Accounting
Problem 4 (See pages 310 - 314) Humana Inc. paid a dividend on common stock of $1.80 last year (Do= $1.80). Over the next years, the dividend is expected to growth at 10%, which is the constant growth rate for the firm. The required return on common stock (Ke) is 12%. Compute the current fair price of the stock (Po). PLEASE SHOW YOUR WORK
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