Question: a limiting effect on earnings daring that time, but when it is complete, it should allow the compony to enjoy much improved goowh in eamings

a limiting effect on earnings daring that time, but when it is complete, it should allow the compony to enjoy much improved goowh in eamings and dividonds. tast year, the cornpay constant 9% per year. What is the maximum price per share that an investor who meques a retum of 16W should pay for Home Place Hoceis comenon stoci? The maximum price per share that an investoc who requires a retum of 10% should pay for Hone Place Hoteis common stock is 5 . (Rourd to Ine reanst cint)

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