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What is the value of a share of p noel stock

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Reference no: EM132830823

P. Noel Company's common stock has just paid a $2.00 dividend. If investors believe that the expected rate of return on P. Noel is 14% and that dividends will grow at the rate of 5% per year for the foreseeable future, what is the value of a share of P. Noel stock?

Reference no: EM132830823

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