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    Price of Stock

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    A share of common stock just paid a dividend of $3.25 per share. The expected long-run growth rate for this stock is 18%. If investors require a rate of return of 24%, what should the price of the stock be?

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    https://brainmass.com/business/business-math/price-stock-dividend-long-run-growth-rate-rate-return-117124

    Solution Summary

    The price of stock is found in the solution.

    $2.49

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