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What stock price is consistent with the numbers

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Problem 1: Allied Food Products just paid a dividend of $0.20, and the dividend is expected to grow at a constant rate of 7.3%. What stock price is consistent with these numbers, assuming an 11.7% required return with an explanation on how to calculate in excel.

P0 = $45.94
D0 = $.10

Reference no: EM132957460

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