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  3. a company just paid a dividend of d0 = $1 and that

A company just paid a dividend of D0 = $1 and that dividend is expected...

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Accounting

A company just paid a dividend of D0 = $1 and that dividend is expected to grow at a constant rate of 3% per year in the future. If the required return of the companys shareholders is 10%, what is the companys current stock price using the dividend growth model? Show your work.

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