A company’s dividend next year is £47 per share, and dividends are expected to grow at a rate of 5% each subsequent year

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answerhappygod
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A company’s dividend next year is £47 per share, and dividends are expected to grow at a rate of 5% each subsequent year

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A company’s dividend next year is £47 per share, and dividends are expected to grow at a rate of 5% each subsequent year. The company’s expected rate of return is 15% and the risk-free rate is 2%. What is the company’s current stock price?
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