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Business, 21.12.2019 18:31 felicianorman97

You are trying to determine the appropriate price to pay for a share of common stock. if you purchase this stock, you plan to hold it for 1 year. at the end of the year you expect to receive a dividend of $5.50 and to sell the stock for $154. the appropriate rate of return for this stock is 16 percent. what should the current price of this stock be?

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