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Find what is stock price according to the constant growth

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Reference no: EM132554721

Question 1: The last dividend of Delta, Inc. was $4.88, the growth rate of dividends is expected to be 2.82 percent, and the required rate of return on this stock is 8.13 percent. What is the stock price according to the constant growth dividend model? Round the answer to two decimal places.

Reference no: EM132554721

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