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(Common stock valuation) The common stock of NCP paid $1.26 in dividends last year. Dividends are expected to grow at an annual rate of
(Common stock valuation) The common stock of NCP paid $1.26 in dividends last year. Dividends are expected to grow at an annual rate of 8.10 percent for an indefinite number of years. a. If your required rate of return is 10.60 percent, what is the value of the stock for you? b. Should you make the investment? a. If your required rate of return is 10.60 percent, the value of the stock for you is $ (Round to the nearest cent.)
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