What is the estimated value per share of Boehm stock

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Question - Constant Dividend Growth Valuation - Boehm Incorporated is expected to pay a $4.00 per share dividend at the end of this year (i.e., D1 = $4.00). The dividend is expected to grow at a constant rate of 3% a year. The required rate of return on the stock, rs, is 9%. What is the estimated value per share of Boehm's stock? Do not round intermediate calculations. Round your answer to the nearest cent.

Reference no: EM132932357

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