Columbusnbspincorporated just paid 49 per share dividend


Columbus Incorporated just paid $4.9 per share dividend yesterday (i.e.,D0). The dividend is expected to grow at a constant rate of 5% a year. The required rate of return on the stock, r, is 12%. What is the value per share of the company's stock? Round your answer to two decimal places.

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Finance Basics: Columbusnbspincorporated just paid 49 per share dividend
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