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Calculate today price per share for cot

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Dividends on COT corporation are expected to grow at a 9% per year. Assume that the discount rate on COT is 12% and that the expected dividend per share in one year is $0.50. COT has just paid a dividend, so the next dividend is the $0.50 to be paid one year from now. Calculate today's price per share for COT

Reference no: EM132770513

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