Question: Question Help o Common stock value-Variable growth Personal Finance Problem Home Place Hotels, Inc., is entering into a 3 year remodeling and expansion project. The
Question Help o Common stock value-Variable growth Personal Finance Problem Home Place Hotels, Inc., is entering into a 3 year remodeling and expansion project. The construction will have alming efect on samnings during that time, but when complete, it should allow the company to enjoy much improved growth in earnings and dividends. Last year, the company paid a dividend of 52.90. Respect zero grown in the next year in years and 3% growth in preced, and now 19% growth in year and thereafter, growth should be a constant 11% per year. What is the maximum price per share that an investor who requires a return of 17% should pay for Home Place Hotels.common stock? The maximum price per share that an investor who requires a return of 17% should pay for Home Place Hotel common stockis Round to the nearest cant)
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