Most one would pay today for the firm common stock

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Reference no: EM132041292

DML, Incorporated is expected to pay an annual dividend of $1.50 per share in the coming year, and the stock is expected to trade at $98.60 per share at the end of the year. If investments of equivalent risk have an expected return of 14%, what is the most one would pay today for the firm’s common stock?

Reference no: EM132041292

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