What is the price of the stock today

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Question - Tassal Group Ltd's most recent dividend was $2.50 per share and is selling today in the market for $24. The dividend is expected to grow at a rate of 3.5 percent per year for the foreseeable future. If the market return is 13 percent on investments with comparable risk, what is the price of the stock today? Should you purchase the shares? Is the stock overpriced or underpriced? State the profit or loss from the transaction you have recommended.

Reference no: EM133013983

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