What is the most you should pay for the stock according to


Suppose a common stock pays dividends at the end of each period and the stock has just paid a dividend in the amount of $3.32. If the stock's dividend growth rate is 2.9 percent per period and the discount rate is 12.0 percent per period, what is the most you should pay for the stock according to the constant growth stock valuation model.

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Financial Management: What is the most you should pay for the stock according to
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