Question 22 (4 points) You are considering buying common stock in Grow On, Inc. You have...
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Question 22 (4 points) You are considering buying common stock in Grow On, Inc. You have projected that the next dividend the company will pay will equal $5.10 and that dividends will grow at a rate of 9.0% per year thereafter. If you would want an annual return of 16.0% to invest in this stock, what is the most you should pay for the stock now? $79.41 $72.86 $31.88 $34.74 $79.60 Question 22 (4 points) You are considering buying common stock in Grow On, Inc. You have projected that the next dividend the company will pay will equal $5.10 and that dividends will grow at a rate of 9.0% per year thereafter. If you would want an annual return of 16.0% to invest in this stock, what is the most you should pay for the stock now? $79.41 $72.86 $31.88 $34.74 $79.60
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