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    Current price of the stock

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    State Street Corp. will pay a dividend on common stock of $4.00 per share at the end of the year. The required return on common stock (K ) is 11%. The firm has a constant growth rate of 6%.
    Compute the current price of the stock (P )

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    The price of the stock is the present value of all dividends. When ...

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    The solution explains how to calculate the current price of the stock