The required return on common stock ke is 12 the firm has a


State Street Corp. will pay a dividend on common stock of $5.00 per share at the end of the year. The required return on common stock (Ke) is 12%. The firm has a constant growth rate of 3%. What is the expected price of a share of stock?

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Financial Management: The required return on common stock ke is 12 the firm has a
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