What should be the market price of moriband stock

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Reference no: EM131594754

Moriband Corp. paid a dividend of $2.32 yesterday. The company’s dividend is expected to grow at a steady rate of 5 percent for the foreseeable future. If investors in stocks of companies like Moriband require a rate of return of 21.0 percent, what should be the market price of Moriband stock?

Market Price $_______

Reference no: EM131594754

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