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A share of common stock just paid a dividend of $1.00. If the expected long-run growth rate for this stock is 14.2%, and if investors'
A share of common stock just paid a dividend of $1.00. If the expected long-run growth rate for this stock is 14.2%, and if investors' required rate of return is 5.4%, what is the stock price? (Multiple Choice) Excel Link: Excel Sheet.xIsx $11.98 $12.10 $12.98 It cannot be determined based on the information given. $11.36 Question 23 (4 points) Thomas Elliott Company's bonds mature in 10 years, have a par value of $1.000, and make an annual coupon interest payment based on an annual coupon rate of 6.5%. The market requires an interest rate of 5.24% on these bonds. What is the bonds' price? (Multiple Choice) Excel Link: Excel Sheet.xlsx $1,116.97$1,280.93$1,096.17$1,024.74$1,147.71
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