Compute the current price of stock

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Reference no: EM132039137

BioScience Inc. will pay a common stock dividend of $3.90 at the end of the year (D1). The required return on common stock (Ke) is 22 percent. The firm has a constant growth rate (g) of 10 percent.

Compute the current price of the stock (P0). (Do not round intermediate calculations. Round your answer to 2 decimal places.)

What is the current price?

Reference no: EM132039137

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