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What is the stock current price

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A stock is expected to pay a dividend of $1.9 at the end of the year.  The required rate of return is rs = 9.5%, and the expected constant growth rate is g = 6.4%. What is the stock's current price?

 

Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.

Reference no: EM131387563

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