Compute the current value per share of shasta stock

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Reference no: EM131572144

Shasta Co. is projected to pay a dividend of $1.65 on its common stock later this year. This company's dividends are expected to grow at a constant rate of 3% indefinitely. If the required rate of return on this stock is 11%, compute the current value per share of Shasta stock.

$20.63

$15.00

$55.00

$21.24

Reference no: EM131572144

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