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Answer to Question #53060 in Finance for Laston Joseph

Question #53060
An investor is considering the purchase of a share of a company .The stock will pay a$ 3 dividend a year from today.This dividend is expected to grow at 10 % per year for the unforeseeable future .The investor thinks that the required return on the value of this stock is 15%. Given this assessment calculate the value of a share of the company's stock.
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