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Business, 26.03.2020 20:44 nerissa5

Woidtke Manufacturing’s stock currently sells for $22 a share. The stock just paid a dividend of $1.20 a share (i. e., D0 5 $1.20), and the dividend is expected to grow forever at a constant rate of 10% a year. What stock price is expected 1 year from now? What is the estimated required rate of return on Woidtke’s stock?

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Woidtke Manufacturing’s stock currently sells for $22 a share. The stock just paid a dividend of $1....
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