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Business, 30.03.2020 23:08 cheergirl2854

Tresnan Brothers is expected to pay a $1.1 per share dividend at the end of the year (i. e., D1 = $1.1). The dividend is expected to grow at a constant rate of 4% a year. The required rate of return on the stock, rs, is 15%. What is the stock's current value per share? Round your answer to two decimal places.

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