Last year CompanyXA paid a dividend of $2 per share. Use a growth rate of 2% per year and a discount rate of 5% to value the stock. What is the implied stock price?

Economics Today and Tomorrow, Student Edition
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ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter8: Business Organizations
Section8.3: The Corporate World And Franschises
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Last year CompanyXA paid a dividend of $2 per share. Use a growth rate of 2% per year and a discount rate of 5% to value the stock. What is the implied stock price

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