Given the following data, what should the price of the stock be? Required return: 10% Present...

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Given the following data, what should the price of the stock be? Required return: 10% Present...

Given the following data, what should the price of the stock be?
Required return: 10%
Present dividend: $1
Dividend growth rate: 5%
According to the dividend-growth model V = D0(1+g)/k-g

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