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9-12 Investors require a 15% rate of return on Levine Companys stock (that is, rs =15%) . a)What is its value if the previous dividend

9-12 Investors require a 15% rate of return on Levine Companys stock (that is, rs =15%) . a)What is its value if the previous dividend was D0 =$2 and investors expect dividend to grow at a constant annual rate of (1) -5%, (2) 0%, (3) 5%, or (4) 10%. b)Using data from part a, what would the Gordon (constant growth) model value be if the required rate of return were 15% and the expected growth rate were (1) 15% or (2) 20%? Are these reasonable results? Explain c)Is it reasonable to think that a constant growth stock could have g > rs? Explain

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