Find the current value of one share of wallace common stock

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Question - Wallace Corporation will be paying a dividend of P2.00 per common share next year. Historical data indicate Wallace's dividends grow at a steady rate of 5% per year, however this is expected to stop next year. The required rate of return for investing in such stock is 18%. Find the current value of one share of Wallace's common stock?

Reference no: EM132958194

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