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#21 A firm will pay a dividend of $3.80 next year. The dividend is expected to grow at a constant rate of 4.48% forever and

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#21 A firm will pay a dividend of $3.80 next year. The dividend is expected to grow at a constant rate of 4.48% forever and the required rate of return is 10.99%. What is the value of the stock? Submit Answer format: Currency: Round to: 2 decimal places. #40 The market price of a stock is $22.15 and it just paid a dividend of $1.53. The required rate of return is 11.24%. What is the expected growth rate of the dividend? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

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