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Business, 21.04.2020 19:58 ellenaschool

A company’s stock is currently selling for 28.50. Its next dividend, payable one year from now, is expected to be 0.50 per share. Analysts forecast a long-run dividend growth rate of 7.5% for the company. Tomorrow, the long-run dividend growth rate estimate changes to 7%. Calculate the new stock price.

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A company’s stock is currently selling for 28.50. Its next dividend, payable one year from now, is e...
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