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Linen supply co paid a dividend of 325 on its common stock

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Linen Supply Co. paid a dividend of $3.25 on its common stock yesterday. The company's dividends are expected to grow at a constant rate of 5.5% indefinitely. If the required rate of return on this stock is 17.5%, compute the current value per share of Linen Supply co. Stock.

Reference no: EM13486139

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