Business, 07.03.2020 04:06 itzyoboyCj

FinanceIsFun just paid a dividend of $1.55 on each share of its stock. The company expects that the dividends will increase at a constant rate of 6 percent per year in perpetuity. Investors require a 14 percent return on this company's stock. Calculate the current stock price.

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FinanceIsFun just paid a dividend of $1.55 on each share of its stock. The company expects that the...