What is the current price of a share of the stock what will


Consider the stock of Corningware Company, which will pay an annual dividend of $2 one year from today.

The dividend will grow at a constant annual rate of 5% forever.

The market requires a 12% return on the company stock

1. What is the current price of a share of the stock?

2. What will the stock price be 10 years from today?

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Financial Management: What is the current price of a share of the stock what will
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