How much should you expect to pay per share

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Home Improvement stock just paid a $1 in dividend (D0) per share which is expected to increase by 4% per year in the future. If you are planning on buying this stock, how much should you expect to pay per share if the required rate of return is 10%?

$15.88

$17.33

$15.03

$19.89

$19.00

Reference no: EM131599594

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