The dividend is expected to grow at constant rate

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Constant Growth Valuation

Boehm Incorporated is expected to pay a $1.50 per share dividend at the end of this year (i.e., D1 = $1.50). The dividend is expected to grow at a constant rate of 6% a year. The required rate of return on the stock, rs, is 15%. What is the value per share of Boehm's stock? Round your answer to the nearest cent. $

Reference no: EM13850745

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