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Current market price per share

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Kennebunkport Manufacturing is expected to pay a dividend of $4 per share next year. The dividend growth rate is expected to continue to be 3%. Required rate of return is 7%. What should be the current market price per share?

Reference no: EM131168291

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Current market price per share : Kennebunkport Manufacturing is expected to pay a dividend of $4 per share next year. The dividend growth rate is expected to continue to be 3%. Required rate of return is 7%. What should be the current market price per share?
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