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QID: #46155
Solution for QID #46155: Pharsalus Inc. just paid a dividend (i.e., D0) of $ 3.59 per | StudyHelpMe
Pharsalus Inc. just paid a dividend (i.e., D0) of $ 3.59 per share. This dividend is expected to grow at a rate of 8.4 percent per year forever. The appropriate discount rate for Pharsalus's stock is 12.3 percent. What is the price of the stock? (Round your answer to 2 decimal places and record your answer without dollar sign or commas). Your Answer: :] Answer
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