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Alyward & Bram common stock currently sells for $ 23.00 per share. The company's executives anticipate a constant growth rate of 10.5 percent and an
Alyward & Bram common stock currently sells for $ 23.00 per share. The company's executives anticipate a constant growth rate of 10.5 percent and an end-of-year dividend of $2.50.
a. What is your expected rate of return?
b. If you require a return of
17 percent, should you purchase the stock?
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