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Business, 22.08.2020 01:01 Teenabrewer28

BenchMark, Inc., just paid a dividend of $3.45 on its stock. The growth rate in dividends is expected to be a constant 5 percent per year indefinitely. Investors require a return of 13 percent on the stock for the first three years, a return of 11 percent for the next three years, and then a return of 9 percent thereafter. What is the current share price for the stock

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BenchMark, Inc., just paid a dividend of $3.45 on its stock. The growth rate in dividends is expecte...
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