Find what is a fair price or value for the share of stock

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Problem 1: You are investing in a share of stock. The share's most recent dividend was $4.39. The dividend is expected to grow forever at a rate of 5.85% per year. You require a 12.59% rate of return on the stock investment. What is a fair price (or, value) for this share of stock?

Reference no: EM133002098

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