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Calculate the price of the stock, if it paid a constant dividend of $1.5, and if the required rate of return on an investment in

Calculate the price of the stock, if it paid a constant dividend of $1.5, and if the required rate of return on an investment in equity is 9%. Would you purchase the stock if it was trading at 1) $20? Why / why not? 2) $30? Why / why not?

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