What is the market value per share of common stock

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Analysts forecast that Dixie Chicks, Inc. (DCI) will pay a dividend of $2.20 a share at the end of this year, continuing a long-term growth trend of 9 percent a year. If this trend is expected to continue indefinitely and investors’ required rate of return for DCI is 18 percent, what is the market value per share of DCI’s common stock?

Reference no: EM131502865

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