Suppose nabisco corporation just issued a dividend of 149, Financial Management

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Suppose nabisco corporation just issued a dividend of 149

Suppose Nabisco Corporation just issued a dividend of $1.49 per share yesterday. Subsequent dividends will grow at a constant rate of 4.8% indefinitely. If the required rate of return for this stock is 17.2%, what is the value of a share of common stock today? Price of stock today (to nearest cent) =__________

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Financial Management: Suppose nabisco corporation just issued a dividend of 149

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Financial Management: Suppose nabisco corporation just issued a dividend of 149

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