Draper companys common stock paid a dividend last year of, Financial Management

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Draper companys common stock paid a dividend last year of

Draper Company's common stock paid a dividend last year of $3.70. You believe that the long-term growth in the dividends of the firm will be 8% per year. If your required return for Draper is 14%, how much are you willing to pay for the stock?

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Financial Management: Draper companys common stock paid a dividend last year of

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