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Computing the stock price of stoneheart group

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Reference no: EM132418888

Problem: Stoneheart Group is expected to pay a dividend of $2.87 next year. The company's dividend growth rate is expected to be 4 percent indefinitely and investors require a return of 10.2 percent on the company's stock. What is the stock price? Please describe your solutions in detail.

Reference no: EM132418888

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