moriband corp. paid a dividend of $2.15 yesterday. the company’s dividend is expected to grow at a steady rate of 5 percent for the foreseeable future. if investors in stocks of companies like moriband require a rate of return of 15 percent, what should be the market price of moriband stock?

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Laylaaaaah2065idn Laylaaaaah2065idn

05-10-2022
Business

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moriband corp. paid a dividend of $2.15 yesterday. the company’s dividend is expected to grow at a steady rate of 5 percent for the foreseeable future. if investors in stocks of companies like moriband require a rate of return of 15 percent, what should be the market price of moriband stock?

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