Tresnan Brothers is expected to pay a $2.11 per share dividend at the end of the year (i.e., D1 = $2.11). The dividend i

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answerhappygod
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Tresnan Brothers is expected to pay a $2.11 per share dividend at the end of the year (i.e., D1 = $2.11). The dividend i

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Tresnan Brothers is expected to pay a $2.11 per share dividend
at the end of the year (i.e., D1 = $2.11). The dividend is expected
to grow at a constant rate of 3.22% a year. The required rate of
return on the stock, rs, is 12.32%. Calculate the stock’s current
value per share.
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