Novara Corporation (NC) last dividend was $1.55. The dividend growth rate is expected to be...
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Novara Corporation (NC) last dividend was $1.55. The dividend growth rate is expected to be constant at 1.5% for 2 years, after which dividends are expected to grow at a rate of 8.0% forever. NC's beta coefficient 1.334, return on market portfolio is 10 percent, and return on risk-free asset is 4 percent. What is the current stock price of NC?
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