Keenanrsquos incrsquos dividend is assumed to grow at the


Keenan’s Inc.’s dividend is assumed to grow at the same rate of 4% forever. The dividend is currently $2 per share, and the investor’s required return is 9%. What is the value of Keenan’s Inc.’s common stock?

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Financial Management: Keenanrsquos incrsquos dividend is assumed to grow at the
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