What is the current value of Ebeling the stock

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Question - The economy has been in a recession, but seems to be recovering. Ebeling Inc.'s stock just paid a dividend of $5.0. The company's dividend is expected to grow at a rate of -0.04 this year, 0.01, next year, and 0.08 for every year after that. If Ebeling has a required rate of return of 0.13, what is the current value of Ebeling's the stock?

Reference no: EM132611490

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