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  • 07-06-2023
  • Business
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The David Burnie Corporation paid an annual dividend of $4.80 per share of common stock one day ago. Industry analysts forecast an annual growth rate of 6 percent forever. Given the risk level for this stock, a 12 percent discount rate is required. How much is this stock worth today? $100 $80.00 $42.40 $40.00 $84.80

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