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SteadyOn Inc. is expected to pay a dividend (D1) of $1.20 next year with an...

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Accounting

SteadyOn Inc. is expected to pay a dividend (D1) of $1.20 next year with an expected constant growth in dividends of 4%. The required rate of return is 12%. Calculate the present value of this stock. What will be the new price of this stock if the discount rate rises to 14%, falls to 10%?

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