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What is the current price of the stock

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Question - The H & Sons just paid a dividend of $1.85 per share on its stock. The dividends are expected to grow at a constant rate of 4.5% per year indefinitely. If investors require a return of 9.5% on The H & Son's stocks, what is the current price of the stock? What will the price be in three years? In 15 years?

Reference no: EM132997716

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