If investors in stocks of companies like moriband require

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Constant growth: Moriband Corp. paid a dividend of $2.15 yesterday. The company"s dividend is expected to grow at a steady rate of 5 percent for the forseeable future. If investors in stocks of companies like Moriband require a rate of return of 15 percent, what should be the market price of Moriband stock?

Reference no: EM13567379

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