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Question
Answered step-by-step
Asked by miniweeds
An analyst gathered the following information regarding Dolphin...
An analyst gathered the following information regarding Dolphin Inc.:
Risk‐free rate of return = 6%
Required rate of return = 15%
Given that the company is expected to pay a dividend of $2.80, which is expected to grow at 14% forever, the value of the stock today is closest to:
$280
$319
$311
Answer & Explanation
Solved by verified expert
Answered by SuperValorRaven18
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