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What is the stock price for steady as she goes inc

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Reference no: EM132789674

Steady As She Goes Inc. will pay a year-end dividend of $4.00 per share. Investors expect the dividend to grow at a rate of 5% indefinitely.

Problem 1: If the expected rate of return on the stock is 17.50%, what is the stock price? (Do not round intermediate calculations. Enter your answers rounded to 2 decimal places.)

Reference no: EM132789674

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