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Wei Companys last dividend was $1.98. The dividend growth rate is expected to be constant at 2% for ...

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Wei Companys last dividend was $1.98. The dividend growth rate is expected to be constant at 2% for ...

Wei Company’s last dividend was $1.98. The dividend growth rate is expected to be constant at 2% for 2 years, after which dividends are expected to grow at a rate of 9% forever. Wei’s required return (r_s) is 13%. What is Wei’s current share price?

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$47.05

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$47.37

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$47.88

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$48.10

Textbook

Financial Management: Theory and Practice

Edition: 4^th

Authors: Brigham, Ehrhardt, Gessaroli, Nason

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

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