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12-Lions Co. is planning to pay a dividend of $2.70 in the next year and expects to grow the dividend at a constant rate of
12-Lions Co. is planning to pay a dividend of $2.70 in the next year and expects to grow the dividend at a constant rate of 5% per year, indefinitely. If the required rate of return buy shareholders is 15%, then the price the price of this stock should be:
$54.00 $27.00 $34.88 $41.24 None of the above |
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