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a. The required return on Craft's stock is ___________% The maximum cash price that Hamlin should pay for each share of Craft is $________ b.
a. The required return on Craft's stock is ___________%
The maximum cash price that Hamlin should pay for each share of Craft is $________
b.
(1) If the dividend growth rate decreases by 2%, the maximum cash price that Hamlin should pay for each share of Craft is $_________.
(2) If the risk premium decreases to 3%, the required return on Craft's stock is ________%
With a % required return, the maximum cash price that Hamlin should pay for each share of Craft is $__________.
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