Current dividend per share will never change

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Reference no: EM131607059

What is the price today (in dollars and cents) of a stock whose dividend per share is currently $1.90 and who expects to pay this same dividend per share at the end of each future year forever? That is, the assumption is that the current dividend per share will never change. The stock's required rate of return is 6.15%.

Reference no: EM131607059

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