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Blackburn & Smith common stock currently sells for $ 24.75 per share. The company's executives anticipate a constant growth rate of 10.6 percent and an
Blackburn & Smith common stock currently sells for $ 24.75 per share. The company's executives anticipate a constant growth rate of 10.6 percent and an end-of-year dividend of $ 2.25 .
a. What is your expected rate of return?
b. b.If you require a return of 15 percent, the value of the stock for you is $______?
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