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9. A company has common stock currently selling for $29.53. It just paid a dividend of $4.68 (at moment 0 ), and dividends are expected

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9. A company has common stock currently selling for $29.53. It just paid a dividend of $4.68 (at moment 0 ), and dividends are expected to grow 4.8% per year forever. What percent rate of return is implied by this? Enter your answer as a percentage with two decimal places, but without the percent symbol. 10. A company has common stock which is expected to pay a dividend of $6.08 one year from now, and dividends are expected to grow 4.3% per year forever. If you require 11.5% 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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