Question: Gentleman Gym just paid its annual dividend of $5 per share, and it is widely expected that the dividend will increase by 2% per year

Gentleman Gym just paid its annual dividend of $5 per share, and it is widely expected that the dividend will increase by 2% per year indefinitely a. What price should the stock sell at If the discount rate is 12%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Stock price b. What price should the stock sell at if the discount rate is 8%. (Do not round intermediate calculations, Round your answer to 2 decimal places.) Stock price

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