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6.5 Ridgemont Can Company's last dividend was S1.00. You plan to purchase the stock today because you feel that the growth rate will increase to

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6.5 Ridgemont Can Company's last dividend was S1.00. You plan to purchase the stock today because you feel that the growth rate will increase to 5 percent for the next three years and the stock will then reach S15.00 per share. How much should you be willing to pay for the stock if you require a 10 percent return

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