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Alexander Corp. will pay a dividend of $2.90 next year. The company has stated that it will maintaina constant growth rate of 5.25 percent a
Alexander Corp. will pay a dividend of $2.90 next year. The company has stated that it will maintaina constant growth rate of 5.25 percent a year forever. Requirement 1: If you want a return of 18 percent, how much will you pay for the stock? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Current stock price S Requirement 2: If you want a return of 9 percent, how much will you pay for the stock? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Current stock price S
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