If the required return is 10 what is the price of the stock


GDL just paid a dividend of $4.00 per share. You expect dividend to grow 10% for the next 3 years, 10% the year after that, and then grow at 4% per year forever.

If the required return is 10%, what is the price of the stock today?

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Finance Basics: If the required return is 10 what is the price of the stock
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