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Find what is the price of the stock for pharsalus inc

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Reference no: EM132755403

Problem 1: Pharsalus Inc. just paid a dividend (i.e., D0) of $ 3.59 per share. This dividend is expected to grow at a rate of 8.4 percent per year forever. The appropriate discount rate for Pharsalus's stock is 12.3 percent. What is the price of the stock?

Reference no: EM132755403

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