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Chapter 9. Your uncle will sell you 100 shares of stock for $62.50 per share. You expect the company to grow steadly ston annual rate

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Chapter 9. Your uncle will sell you 100 shares of stock for $62.50 per share. You expect the company to grow steadly ston annual rate of 6 percent for the foreseeable future. The firm paid a dividend of $2.30 last year. If you require ante o return of 10 percent, should you buy the stock from your uncle? (Round to the nearest dollar) No, because the current price should be 564 per share. No, because the current price should be 561 per share. Yes, because the current price should be $64 per share Yes, because the current price should be $61 per share

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