What is the current stock price according to the constant

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Finance: Value of Common Stock, Expected Rate of return on Common Stock

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The Black Forest Cake Company just paid an annual dividend of $5.80. If you expect a constant growth rate of 4.82 percent, and have a required rate of return of 8.82 percent, what is the current stock price according to the constant growth dividend model?

Reference no: EM131391656

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