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What is the current market value of the stock

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Reference no: EM132978125

Problem - Last year BestPrice Retailer's stock paid a dividend equal to $25.90 per share. The company is no longer growing, so it is expected that the annual dividend will remain at $25.90 for the rest of the firm's life. If investors demand a return equal to 14 percent, what is the current market value of the stock?

Reference no: EM132978125

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