Dividends are expected to grow at a constant rate

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Lacewell Inc. recently paid a dividend of $2.00 per share. The company's dividends are expected to grow at a constant rate of 6% and the stock's required return is 13%. What is the value of Lacewell Inc.'s common stock?

$30.29, $28.57, $15.38, $70.67

Reference no: EM13927729

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