State Street Corp. will pay a dividend on common stock of $4.80 per share at the end of the year. The required return on common stock (K_e) is 13.2%. The firm has a constant growth rate of 7.2%. Compute the current price of the stock (P_o).

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The Answer of State Street Corp. will pay a dividend on common stock of $4.80 per share at the end of the year. The required return on common stock (K_e) is 13.2%. The firm has a constant growth rate of 7.2%. Compute the current price of the stock (P_o).