Required rate of return-stock worth

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Reference no: EM13848170

The next year the common stock of Silver Corp will pay a dividend of $9.64 per share. If the company is growing at a rate of 4.69 percent per year, and your required rate of return is 10.39 percent, what is Silver company stock worth to you? Round the answer to two decimal places.

Reference no: EM13848170

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