A stock is expected to pay a divident of 075 at the end of

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A stock is expected to pay a divident of 0.75% at the end of the year (D1=$0.75) The required rate of return is rs=10.5% and the expected constant growth rate is g=6.4%. What is the stock's current price? ( and please explain how you got the answer )

Reference no: EM13622851

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