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Homework answers / question archive / Hope corporation paid a dividend of $2
Hope corporation paid a dividend of $2.00 (D0S0) last year. The growth rate is expected to be 20 percent and 10 percent during the next two years, and then the growth rate is expected to be a constant 5 percent thereafter. The required rate of return on equity (r) is 10 percent. What is the current stock price (P)?
