Calculate the price per share for coca-colas, Financial Management

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Calculate the price per share for coca-colas

Suppose that Coca-Cola is currently paying a dividend of $1.42 per share, the dividend is expected to grow at a rate of 3% per year, and the rate of return investors require to buy Coca-Cola's stock is 7%. Calculate the price per share for Coca-Cola's stock.

The price per share of Coca-Cola stock is $. (Round your response to two decimal places.)

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Financial Management: Calculate the price per share for coca-colas

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Financial Management: Calculate the price per share for coca-colas

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