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Business, 20.11.2019 02:31 selfiegymnast

Richardson brothers is expected to pay a $0.75 per share dividend at the end of the year (that is, d 1 = $0.75). the dividend is expected to grow at a constant rate of 5 percent a year. the required rate of return on the stock, r s, is 10 percent. what is the stock’s value per share?

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