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18. You want to purchase some shares of Chimay Industries common stock. You require a 16% rate of return to compensate for what you perceive

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18. You want to purchase some shares of Chimay Industries common stock. You require a 16% rate of return to compensate for what you perceive to be the risk. Today, the company just paid a $3.00 annual dividend. Dividends are expected to grow at a constant rate 9% per year in the future. What should you pay today for one share of this stock? A. $42.85 B. 546.71 C. $49.38 D. $52.12 13. A stock has a constant dividend of $3.25 per year forever. Your required rate of return is 9%. How much would you pay today fo this stock? A. $30.00 B. $36.11 C. $41.67 OD. $52.40

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