Common stock value-Variable growth Newman Manufacturing is considering a cash purchase of the lock of Grips Tool. During the year just completed Gripsaamed $3.80 per show and pad cash dividends of $2.16 (0, $2.16) Grips eamings and dividends are expected to grow at 25% per year for the next 3 years, wer which they are expected to grow 6% per year to inity What is the maximum price per share that Newman should pay for Gps it i aquared retum of 10% on investments with risk characteristice smlar to those of Orp The maximum price per share that hieman should pay for Oround to the neare cant) Connen stock value-Vatable growth Newman Manufacturing ondering a can purchase of the 10-12.11 ag and dents are expected to grow al 25% per year for the rest 3 years, at of 15% en mans wines Churrats marse of O The maximale non per share but howman should pay for Round to the nearestart) sk of Orsol Dug the years which they are expected to Ores samed $1 year to infety What share and paid can $215 share that Newas thout pay Opti Common stock value-Variable growth Newman Manufacturing is considering a cash purchase of the stock of Grips Tool. During the year just completed, Grips earned $3.86 per share and paid cash dividends of $2.16 per share (D = $2.16). Grips' earnings and dividends are expected to grow at 25% per year for the next 3 years, after which they are expected to grow 6% per year to infinity. What is the maximum price per share that Newman should pay for Grips if it has a required return of 15% on investments with risk characteristics similar to those of Grips? The maximum price per share that Newman should pay for Grips is $ (Round to the nearest cent.) Common stock value-Variable growth Newman Manufacturing is considering a cash purchase of the lock of Grips Tool. During the year just completed Gripsaamed $3.80 per show and pad cash dividends of $2.16 (0, $2.16) Grips eamings and dividends are expected to grow at 25% per year for the next 3 years, wer which they are expected to grow 6% per year to inity What is the maximum price per share that Newman should pay for Gps it i aquared retum of 10% on investments with risk characteristice smlar to those of Orp The maximum price per share that hieman should pay for Oround to the neare cant) Connen stock value-Vatable growth Newman Manufacturing ondering a can purchase of the 10-12.11 ag and dents are expected to grow al 25% per year for the rest 3 years, at of 15% en mans wines Churrats marse of O The maximale non per share but howman should pay for Round to the nearestart) sk of Orsol Dug the years which they are expected to Ores samed $1 year to infety What share and paid can $215 share that Newas thout pay Opti Common stock value-Variable growth Newman Manufacturing is considering a cash purchase of the stock of Grips Tool. During the year just completed, Grips earned $3.86 per share and paid cash dividends of $2.16 per share (D = $2.16). Grips' earnings and dividends are expected to grow at 25% per year for the next 3 years, after which they are expected to grow 6% per year to infinity. What is the maximum price per share that Newman should pay for Grips if it has a required return of 15% on investments with risk characteristics similar to those of Grips? The maximum price per share that Newman should pay for Grips is $ (Round to the nearest cent.)
