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23. A company has common stock currently selling for $51.84. It just paid a dividend of $2.68 (at moment 0 ). If you demand 11.8%
23. A company has common stock currently selling for $51.84. It just paid a dividend of $2.68 (at moment 0 ). If you demand 11.8% return, what percent growth of dividends would make this a worthwhile investment? Enter your answer as a percentage with two decimal places, but without the percent symbol. 26. A company has common stock which just paid a dividend of $3.27 (at moment 0), and dividends are expected to grow 4.8% per year forever. If you require 11.8% return on investment, what is the maximum price you should pay for this stock? Enter your answer as a monetary amount rounded to four decimal places, but without the currency symbol
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