What is the stock current value per share

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Hall & Marks is expected to pay a $3.00 per share dividend at the end of the year (that is, D1 = $3.00). The dividend is expected to grow at a constant rate of 4% a year. The required rate of return on the stock, rs, is 8%.

What is the stock's current value per share?

Reference no: EM131886664

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