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XYZ company paid a dividend of $4.66 in the past 1...

Description

Solution


Question

XYZ company paid a dividend of $4.66 in the past 12 months. The annual dividend growth rate is 6.93 percent, and the required rate of return on the stock is 10.25 percent. Calculate the current price of the stock. Do not use a financial calculator or an online calculator. You must show your work.

 

Paper#5701 | Written in 18-Jul-2015

Price : $25
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