The appropriate discount rate for pharsaluss stock is 127


Pharsalus Inc. just paid a dividend (i.e., D0) of $ 1.17 per share. This dividend is expected to grow at a rate of 8.5 percent per year forever. The appropriate discount rate for Pharsalus's stock is 12.7 percent. What is the price of the stock? (Round your answer to 2 decimal places and record your answer without dollar sign or commas)

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Financial Management: The appropriate discount rate for pharsaluss stock is 127
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