Nynet inc paid a dividend of 399 last year the companys


Nynet, Inc., paid a dividend of $3.99 last year. The company's management does not expect to increase its dividend in the foreseeable future. If the required rate of return is 17.0 percent, what is the current value of the stock?

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Financial Management: Nynet inc paid a dividend of 399 last year the companys
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