What is the current value of this stock

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Question - The required rate of return is 23.20 percent. Ivanhoe Corp. has just paid a dividend of $3.12 and is expected to increase its dividend at a constant rate of 7.05 percent. What is the expected price of the stock three years from now?

Ruth Lewis is interested in buying the stock of Sunland, Inc., which is increasing its dividends at a constant rate of 8.0 percent. Last year the firm paid a dividend of $2.65. The required rate of return is 15.50 percent. What is the current value of this stock?

Reference no: EM133014345

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