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An issue of common stock has just paid a dividend of $3.75. Its growth rate is 8%. What is its price if the market’s rate of return is 16%? (Show all work/calculations/formulas)
An issue of common stock has just paid a dividend of $3.75. Its growth rate is 8%. What is its price if the market’s rate of return is 16%? (Show all work/calculations/formulas)
