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Cosmo Company is expected to pay a $0.50 per share dividend at the end of the year. The dividend is expected to grow at a constant rate of 7 percent per year. The required rate of return on the stock is 15 percent.
Required:
What is the value per share of the company's stock?
Employee
A person employed either on a part-time or full-time basis under an employment agreement, which can be spoken or written, explicit or tacit, and possesses acknowledged obligations and privileges.
Safe Working Conditions
The provision of a work environment that is free from recognized hazards that could cause death or serious physical harm to employees.
Duty Of An Agent
The responsibilities and obligations that an agent has towards their principal, including acting in the principal's best interest.
Principal
In finance, refers to the original sum of money borrowed in a loan, or invested, separate from interest or profit.
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