Question
3. Kreigers Inc. recently paid a $3.65 dividend. The company has been growing at a 4% rate for the past several years, but due a
3. Kreigers Inc. recently paid a $3.65 dividend. The company has been growing at a 4% rate for the past several years, but due a new marketing campaign, the growth of the company is expected to be 5%. The stock is currently selling for $71. Similar stocks earn returns ranging from 8% to 10%. Calculate value for a share of the company at interest rate of 8%. Round the answer to two decimal places. Your answer will have 2 decimals. No $ signs $ fill in the blank 1 Calculate value for a share of the company at interest rate of 9%. Round the answer to two decimal places. Your answer will have 2 decimals. No $ signs $ fill in the blank 2 Calculate value for a share of the company at interest rate of 10%. Round the answer to two decimal places. Your answer will have 2 decimals.
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