Solution-What is the current price of the stock

What is the current price of the stock

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Ginger Baker, Inc. just paid an annual dividend of $3 a share and this dividend is expected to grow at a rate of 4% per year for the foreseeable future. If the discount rate for Ginger Baker is 9%, what is the current price of the stock?

Reference no: EM131333998

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What is the current price of the stock

Reference no: EM131333998

Reference no: EM131333998

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