Tresnan Brothers is expected to pay a $1.20 per share dividend at the end of the year (i.e., D1 = $1.20). The dividend i

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answerhappygod
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Tresnan Brothers is expected to pay a $1.20 per share dividend at the end of the year (i.e., D1 = $1.20). The dividend i

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Tresnan Brothers is expected to pay a $1.20 per share dividendat the end of the year (i.e., D1 = $1.20). The dividend is expectedto grow at a constant rate of 9% a year. The required rate ofreturn on the stock, rs, is 13%. What is the stock's current valueper share?
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