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1. A share of Hess Distributors stock paid a dividend of $1.95 last year (D. = $1.95), and dividends are expected to grow at a

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1. A share of Hess Distributors stock paid a dividend of $1.95 last year (D. = $1.95), and dividends are expected to grow at a constant rate of 7% in the future. If the appropriate rate of return() is 15%, what should a share of Hess Distributors sell for on the market today? A. B. C. D E. $13.00 $13.91. $24.38. $26.08 None of the above 2. OOO Which of the following is not a factor in determining the value of a share of stock using the constant growth valuation formula? A The required rate of return (c). B. The length of time an investor plans to hold the stock. The expected rate of growth in dividends. The dividend the stockholder expects to receive at the end of Year 1 (D1). All of the above are factors in determining the value of a share of stock according to the model

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