Best estimate of the stock current market price

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Reference no: EM131859788

Burkc Tires just paid a dividend of $132. Analysts expect the company's dividend to grow by 20% this year and at a constant rate of 5% in Year 2 and thereafter. The required return on this low-risk stock is 9.00%. What is the best estimate of the stock's current market price?

Reference no: EM131859788

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