A share of Lash Inc.’s common stock just paid a dividend of $1. If the expected long-run growth rate for this stock is 5.4%, and if investors’…
A share of Lash Inc.’s common stock just paid a dividend of $1.00. If the expected long-run growth rate for this stock is 5.4%, and if investors’ required rate of return is 11.4%, what is the stock price?
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