Question: Problem 7-21 Constant-Growth Model (LO2) Here are data on two stocks, both of which have discount rates of 12% : a. What are the dividend
Problem 7-21 Constant-Growth Model (LO2) Here are data on two stocks, both of which have discount rates of 12% : a. What are the dividend payout ratios for each firm? (Enter your answers as a percent rounded A Answer is complete but not entirely correct. b. What are the expected dividend growth rates for each stock? (Do not round intermediate cal answers as a percent rounded to 2 decimal places.) X Answer is complete but not entirely correct. c. What is the proper stock price for each firm? (Do not round intermediate calculations, Roun decimal places.)
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