Illustrate what is one share of this stock worth

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Q. "Langley Enterprises pays a constant dividend of $0.60 a share. The company announced today which it will continue to do this for another 2 years after which time it will discontinue paying dividends permanently. Illustrate what is one share of this stock worth today if the required rate of return is 16.5 percent?

Reference no: EM1383120

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