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Amalgamated Industries' common stock is expected to pay a dividend of $3.25 per year for 12 years and then cease paying dividends. If you require
Amalgamated Industries' common stock is expected to pay a dividend of $3.25 per year for 12 years and then cease paying dividends. If you require a 11% return on this stock, what is the most you'd be willing to pay for it?
Question 1 options:
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$21.10
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$23.21
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$22.79
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$23.63
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$24.05
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
11th edition
