The dividends are discounted at a rate of 830 every year


The stock of a firm will pay a dividend of $13 a year from now. The dividend paid by the firm will increase at a rate 3% every year. The dividends are discounted at a rate of 8.30% every year. What is the price of the stock today?

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Finance Basics: The dividends are discounted at a rate of 830 every year
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