If investments of equivalent risk have an expected return


DML, Incorporated is expected to pay an annual dividend of $1.50 per share in the coming year, and the stock is expected to trade at $98.60 per share at the end of the year. If investments of equivalent risk have an expected return of 14%, what is the most one would pay today for the firm’s common stock?

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Financial Management: If investments of equivalent risk have an expected return
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