If the company is growing at a rate of 265 percent per year


The next year the common stock of Gold Corp. will pay a dividend of $9.07 per share. If the company is growing at a rate of 2.65 percent per year, and your required rate of return is 13.43 percent, what is Gold's company stock worth to you? Round the answer to two decimal places.

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Financial Management: If the company is growing at a rate of 265 percent per year
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