Santara Corporation just paid a dividend of $30,1, and analysts expect the dividend to grow...
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Santara Corporation just paid a dividend of $30,1, and analysts expect the dividend to grow at its compound average growth rate of 4,6% forever. If you plan on holding the stock for just 5 years and you have an expected rate of return of 11,1%, how much would you pay for the stock? Assume that the next owner also expects to earn 11,1% on his or her investment.
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