Question
Answer both please! Reynald's Farms is expected to pay a dividend of $2.7 per share on its stock. The dividends are expected to grow at
Answer both please!
Reynald's Farms is expected to pay a dividend of $2.7 per share on its stock. The dividends are expected to grow at a constant rate of 1.6 percent per year indefinitely. If investors require an 11.4 percent return on this stock, the current price is $ _________ . Round it to two decimal places, and do not include the $ sign, e.g., 23.56.
Valley Orchards just paid a dividend of $2.2 per share on its stock. The dividends are expected to grow at a constant rate of 2.1 percent per year indefinitely. If investors require an 10.4 percent return on this stock, the current price is $ _________ . Round it to two decimal places, and do not include the $ sign, e.g., 23.56.
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