The last dividend paid by klein company was 100 kleins


The last dividend paid by Klein Company was $1.00. Klein's growth rate is expected to be 20 percent for 5 years due a short-term exclusive agreement in a new market, then 6% forever. Klein's required rate of return on equity (ks) is 14 percent. What is the current price of Klein's common stock?

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Financial Management: The last dividend paid by klein company was 100 kleins
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