miahtaylor5077 miahtaylor5077
  • 06-06-2023
  • Business
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You are investing in a share of stock. The share just paid a dividend of $4.61. The dividend has been growing and is expected to grow forever at a rate of 5.26% per year. You require a 15.92% rate of return on the stock investment. What would be a fair price/share in 10 years?
(Answer to nearest $0.01)

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good job