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We'Re In Stock Inc. has just announced its plans to pay a $5.2 dividend on...

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Finance

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We'Re In Stock Inc. has just announced its plans to pay a $5.2 dividend on each share of its stock in one year. The company managers announced to their investors of their plan to continue growing which would allow the company to pay future dividends that will be increasing at a stable 3.4% annual rate. The required rate of return for this company is 10%. Calculate what today's stock price should be

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