You are considering buying common stock in Grow On, Inc. The firm yesterday paid a dividend...
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You are considering buying common stock in Grow On, Inc. The firm yesterday paid a dividend of $7.80. You have projected that dividends will grow at a rate of 9.0% per year indefinitely. If you want an annual return of 24.0%, what is the most you should pay for the stock now? Ⓒ$52.00 $56.68 $32.50 $35.43 $61.93 You are considering buying common stock in Grow On, Inc. The firm yesterday paid a dividend of $7.80. You have projected that dividends will grow at a rate of 9.0% per year indefinitely. If you want an annual return of 24.0%, what is the most you should pay for the stock now? Ⓒ$52.00 $56.68 $32.50 $35.43 $61.93
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The most you should pay for the stock now is 5200 Heres wh... View the full answer
Related Book For
Investment Analysis and Portfolio Management
ISBN: 978-0538482387
10th Edition
Authors: Frank K. Reilly, Keith C. Brown
Posted Date:
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