Business, 10.03.2020 08:21 les6965

The Lo Company earned $2.60 per share and paid a dividend of $1.30 per share in the year just ended. Earnings and dividends per share are expected to grow at a rate of 5 percent per year in the future. Determine the value of the stock if the required rate of return is 12 percent.

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The Lo Company earned $2.60 per share and paid a dividend of $1.30 per share in the year just ended....

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