What is the stock price
Problem
A share of common stock just paid a dividend of $ 1.02. If the expected long-run growth rate for this stock is 4.3 %, and if investors' required rate of return is 13.86 %, what is the stock price?
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If the expected long-run growth rate for this stock is 4.3 %, and if investors' required rate of return is 13.86 %, what is the stock price?
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