The black forest cake company just paid an annual dividend, Finance Basics

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The black forest cake company just paid an annual dividend

Question: The Black Forest Cake Company just paid an annual dividend of $5.32. If you expect a constant growth rate of 4.63 percent, and have a required rate of return of 14.65 percent, what is the current stock price according to the constant growth dividend model?

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Finance Basics: The black forest cake company just paid an annual dividend

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Finance Basics: The black forest cake company just paid an annual dividend

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