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( Common stock valuation ) The common stock of NCP paid $ 1 . 3 5 in dividends last year. Dividends are expected to grow
Common stock valuation The common stock of NCP paid $ in dividends last year. Dividends are expected to grow at an annual rate of percent for an indefinite number of years.
a If NCPs current market price is $ per share, what is the stock's expected rate of return?
b If your required rate of return is percent, what is the value of the stock for you?
c Should you make the investment?
a If NCPs current market price is $ per share, the stock's expected rate of return is Round to two decimal places.
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