The economy has been in a recession, but seems to be recovering
The economy has been in a recession, but seems to be recovering. Ebeling
Inc.’s stock just paid a dividend of $1.8. The company’s dividend is expected to grow at a rate of -0.03 this year, 0.03, next year, and 0.06 for every year after that. If Ebeling has a required rate of return of 0.16, what is the current value of Ebeling’s the stock?
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