What is the value per share of the company stock

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Thomas Brothers is expected to pay a $0.50 per share dividend at the end of the year (i.e., D1 = $0.50). The dividend is expected to grow at a constant rate of 7% a year. The required rate of return on the stock is 15%. What is the value per share of the company's stock?

Reference no: EM132949637

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