What is market price of this stock if market rate of return

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Ramirez Company paid an annual dividend of $1.75 a share last month. The company is planning on paying $1.80, $1.85, and $1.90 a share over the next 3 years, respectively. After that, the dividend will be constant at $2 per share per year. What is the market price of this stock if the market rate of return is 9.5 percent?

Reference no: EM131065722

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