What is common stock value

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Question: Common Stock Valuation Situation

Richard Tailor is interested in finding the value of a corporate common stock that he recently purchased. The newly issued common share displays 1,000 / share (P = 1,000) and pays dividend 150 annually for 30 years. Another common share of similar risk has a 12% required annual rate of return or discounted rate. What is common stock value (V)?

Reference no: EM132768161

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