What is the price per share today

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1. Firm A has always paid a common stock dividend of $3.2 per share each year. They intend to continue paying the same dividend each year forever. If the stock's required return is 11.7%, what is the price per share today? Round your answer to the nearest cent.

2. Firm K will pay a common stock dividend of $3.42 per share one year from now. They intend to grow the dividend by 2% each year forever. If the stock's required return is 7.9%, what is the price per share today? Round your answer to the nearest cent.

3. Firm K paid a common stock dividend of $3.13 per share this morning. They intend to grow the dividend by 1% each year forever. If the stock's required return is 6.1%, what is the price per share today? Round your answer to the nearest cent.

Reference no: EM132018345

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