Uncle Tim's Inventions has an expected dividend next year of $3.60 and a required return of 12 percent.Assuming the same dividend will be paid indefinitely,calculate the value of a share of common stock assuming a zero growth rate of dividends.

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The Answer of Uncle Tim's Inventions has an expected dividend next year of $3.60 and a required return of 12 percent.Assuming the same dividend will be paid indefinitely,calculate the value of a share of common stock assuming a zero growth rate of dividends.

Uncle Tim's Inventions Has an Expected Dividend Next Year of $3.60