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The dividend is expected to grow at a constant rate of 4 a

Thomas Brothers is expected to pay a $2.9 per share dividend at the end of the year (that is, D1 = $2.9). The dividend is expected to grow at a constant rate of 4% a year. The required rate of return on the stock, rs, is 17%. What is the stock's current value per share?

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Finance Basics: The dividend is expected to grow at a constant rate of 4 a

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