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What is the current stock price for Concord

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Question - Concord Clothiers Ltd.'s current dividend is $4.90. Dividends are expected to grow by 7percent for years 1 to 3, 5 percent for years 4 to 7, and 1 percent thereafter. The required rate of return on the stock is 10 percent. What is the current stock price for Concord?

Reference no: EM132997880

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