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Suppose rhm is expected to pay the total cash dividend of

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Suppose RHM is expected to pay the total cash dividend of $5.60 next year and its dividends are expected to grow at the rate of 6% per year forever. Assuming annual dividend payments, what is the current market value of a share of RHM stock if the required return on RHM common stock is 10%?

Reference no: EM13394914

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