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Mathematics, 18.03.2022 02:20 ebanzz

Lowgro Inc. stock paid a dividend of $1.20 over the past year. The dividend is not expected to grow over the next five years. After the five-year no-growth period, the dividends are expected to grow at a 6% rate, indefinitely. If investors require a 10% return on Logrow stock, what is its current price?

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