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Business, 25.11.2020 14:20 wendhycardenas2019

Oriole, Inc., is a mature firm that is growing at a constant rate of 7.15 percent per year. The last dividend that the firm paid was $1.20 per share. If dividends are expected to grow at the same rate as the firm and the required rate of return on Oriole’s stock is 12 percent. Required:
What is the market value of the company’s stock?

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Oriole, Inc., is a mature firm that is growing at a constant rate of 7.15 percent per year. The last...
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