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What is the stock current value per share

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Reference no: EM132683764

Tresnan Brothers is expected to pay a $2.40 per share dividend at the end of the year (i.e., D1 = $2.40). The dividend is expected to grow at a constant rate of 3% a year. The required rate of return on the stock, rs, is 14%. What is the stock's current value per share? Round your answer to two decimal places.

Reference no: EM132683764

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