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Shrek inc., just paid a dividend of 4. the company expects to have a super normal year and grow at 10% over the next year. After that, the company...
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Shrek inc., just paid a dividend of 4.00. the company expects to have

a super normal year and grow at 10% over the next year. After that, the company will have constant growth rate of 5% forever. The cost of equity capital for the company is 9%. What is the company's current stock price based on the above data?
a) $120
b) $110
c)$100
d)$87.52

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Subject: Business, Finance

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