A stock just paid a dividend of D 0 = $0.73. Dividend is expected to grow at a constant rate of 7.5%
A stock just paid a dividend of D0 = $0.73. Dividend is expected to grow at a constant rate of 7.5%. The required rate of return is 15%. What is the current stock price?
Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.
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