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Business & Finance
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Royal Bank common shares pay dividends annually. They just paid a $1.50 dividend. Stock holders require a return of 12%. Royal is expected to continue paying dividends that will grow at 3.5% per annum in perpetuity. What is the fair price of a share of Royal Bank stock?

Jul 15th, 2015

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the  correct answer  when woeked upon is 18.26
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Jul 15th, 2015

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