Made It common stock currently sells for 22 50 per
Made- It common stock currently sells for $ 22.50 per share. The company’s executives anticipate a constant growth rate of 10 percent and an end- of- year dividend of $ 2. a. What is your expected rate of return if you buy the stock for $ 22.50? b. If you require a 17 percent return, should you purchase the stock?
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