The dividend is expected to grow at a constant rate of 7


A Co. is expected to pay a $ 1.25 per share dividend at the end of this year.

The dividend is expected to grow at a constant rate of 7% per year. The required rate of return on the stock is 11.5%.

What is the estimated value per share of the stock?

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Financial Management: The dividend is expected to grow at a constant rate of 7
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