Determine what will a share of stock sell for today

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Reference no: EM132057148

This window shows what is correct and incorrect for the work you have completed so far. ven if all of the work you have done so far is correct, you may not have completed everything. 2. 25.00 points Storico Co. just paid a dividend of $1.75 per share.

The company will increase its dividend by 24 percent next year and will then reduce its dividend growth rate by 6 percentage points per year until it reaches the industry average of 6 percent dividend growth, after which the company will keep a constant growth rate forever.

If the required return on Storico stock is 12 percent, what will a share of stock sell for today?

(Do not round intermediate calculations and round your final answer to 2 decimal plades. (e.g. 32.16) 26.85 Stock price

Reference no: EM132057148

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