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September 16, 2014

Homework Help: Finance

Posted by Anonymous on Thursday, December 19, 2013 at 4:00pm.

Damon Enterprises' stock is currently selling for $25.00 per share. The stock's dividend is projected to increase at a constant rate of 7% per year. The required rate of return on the stock, rs, is 10%. What is Damon's expected price 4 years from today?

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