What is the value of horn of plenty mining stock

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Problem 1: You're valuing Horn of Plenty mining's stock in order to compare its value to its market price. You believe that the company will pay total dividends of $1.45 in 2019 and $1.56 in 2020. You also believe the company's stock price will be $35.80 at the end of 2020. If the appropriate discount rate is 12% what's the value of Horn of Plenty mining's stock?

Reference no: EM133011289

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