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Homework answers / question archive / Lesley Vegan Inc, producers of the finest dairy products, has common stock that sells for $54

Lesley Vegan Inc, producers of the finest dairy products, has common stock that sells for $54

Finance

Lesley Vegan Inc, producers of the finest dairy products, has common stock that sells for $54. Dividends are expected to continue to grow at a rate of 10% annually. If investors in Lesley requires a 13 % rate of return, what is the current dividend?

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