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A stock is expected to maintain a constant dividend growth rate of 4 . 6 percent indefinitely. If the stock has a dividend yield of

A stock is expected to maintain a constant dividend growth rate of 4.6 percent indefinitely. If the stock has a dividend yield of 5.9 percent, what is the required return on the stock?
You are considering purchasing stock in Canyon Echo. You feel the company will increase its dividend at 4.4 percent indefinitely. The company just paid a dividend of $3.47 and you feel that the required return on the stock is 11.2 percent. What is the price per share of the company's stock?

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