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29. The last dividend on Spirex Corporation's common stock was $4.00, and the expected growth rate i 10 percent. If you require a rate of
29. The last dividend on Spirex Corporation's common stock was $4.00, and the expected growth rate i 10 percent. If you require a rate of return of 20 percent, what is the highest price you should be willing to pay for this stock? a. $44.00 b. $38.50 c.$40.00 d. $45.69 e.$50.00 30. A share of common stock has a current price of $82.50 and is expected to grow at a constant rate of l percent. Ifyou require a 14 percent rate of return, what is the current dividend on this stock? a. $3.00 b. $3.81 c. $4.29 d. $4.75 e. S6. 13
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