Established manufacturer in mature growth stage

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Hyperion Shrike Inc. is an established manufacturer in a mature growth stage. The company just paid a quarterly dividend of $0.80 on it's shares, which it plans on continuing indefinitely, with an expected annual growth rate, compounded quarterly of 2%. If the effective annual yield on the shares is 8%, what is the market price of the stock?

Reference no: EM131187880

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