Hall & Marks is expected to pay a $1.20 per share dividend at the end of...

Hall & Marks is expected to pay a $1.20 per share dividend at the end of the year (that is, D₁ = $1.20). The dividend is expected to grow at a constant rate of 3% a year. The required rate of return on the stock, r_s, is 17%.

What is the stock's current value per share?

Expert Solution

jeff jeffy answered 2 years ago

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