Question: Please show all work!!! handwritten if possible and using no excel!! 26. You are interested in investing in a company that expects to grow steadily

Please show all work!!! handwritten if possible and using no excel!!

26. You are interested in investing in a company that expects to grow steadily at an annual rate of 6% for the foreseeable future. The firm paid a dividend of $2.30 last year. If the required rate of return is 10%, what would you pay for the stock? a) \$58

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