What is the current value of this stock to you

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Knight Supply Corp. has not grown for the past several years, and management expects this lack of growth to continue. The firm last paid a dividend of $4.30. If you require a rate of return of 17.0 percent, what is the current value of this stock to you? (Round answer to 2 decimal places, e.g. 15.25.)

Reference no: EM13870843

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