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Business, 01.11.2020 20:50 Roselyn0131

Jeff wants to invest in preferred stocks issued by Camden Company. The company paid $3 dividend per share on its stock last year. The dividend is expected to grow at a constant rate of 10% per year indefinitely. If Jeff requires a rate of return of 15% on the stock, what is the (estimated) current price of Camden stock?

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Jeff wants to invest in preferred stocks issued by Camden Company. The company paid $3 dividend per...
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