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Bennett Inc. common stock currently sells for $21.50 per share. The company's executives anticipate a constant growth rate of 11.8 percent and an end-of-year dividend
Bennett Inc. common stock currently sells for $21.50 per share. The company's executives anticipate a constant growth rate of 11.8 percent and an end-of-year dividend of $1.75. a. What is your expected rate of return if you buy the stock for $21.50? b. If you require a return of 17 percent, should you purchase the stock? a. If you buy the stock for $21.50. your expected rate of return is %
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