What is the equilibrium price of rewify stock

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Problem 1: Rewify is expected to pay a dividend of $12.30 per share (that is, D 1 =12.30). If Rewity's stock has an expected rate of return of 19.4% and if Rewify's dividends are expected to grow at a rate of 5.3% per year forever, what is the equilibrium price of Rewify's stock?

Reference no: EM132807860

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