What is the stocks current value per share

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Reference no: EM131059097

Thomas Brothers is expected to pay a $1.9 per share dividend at the end of the year (that is, D1 = $1.9). The dividend is expected to grow at a constant rate of 8% a year. The required rate of return on the stock, rs, is 12%. What is the stock's current value per share? Round your answer to two decimal places.

Reference no: EM131059097

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