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Business, 23.10.2019 00:00 Svetakotok

You are currently thinking about investing in a stock valued at $25 per share. the stock recently paid a dividend of $2.40 and its dividend is expected to grow at a rate of 5 percent for the foreseeable future. you normally require a return of 14 percent on stocks of similar risk. is the stock overpriced, underpriced, or correctly priced? (round answer to 2 decimal places, e. g. 52.75.)

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