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The Stock Market

If a company pays a dividend of $20 to be received one year from now, dividends are expected to grow at a rate of 7% per year for the indefinite future, and the interest rate is 10%, the price of the company's stock should be ________ per share.

▸ $60.00

▸ $666.67

▸ $340.00

▸ $14.00
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Macroeconomics

Macroeconomics


Edition: 3rd
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EM81607EM81607
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