A stock offers an expected dividend of $3.50, has a required return of 14 percent, and has historically exhibited a growth rate of 6 percent.Its current price is $35.00 and shows no tendency to change.How can you explain this price based on the constant growth dividend discount model?

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The Answer of A stock offers an expected dividend of $3.50, has a required return of 14 percent, and has historically exhibited a growth rate of 6 percent.Its current price is $35.00 and shows no tendency to change.How can you explain this price based on the constant growth dividend discount model?

A Stock Offers an Expected Dividend of $3