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( Common stock valuation ) The cornmon stock of NCP paid $ 1 . 2 5 in dividends last year. Dividends are expected to grow

(Common stock valuation) The cornmon stock of NCP paid $1.25 in dividends last year. Dividends are expected to grow at an annual rate of 7.80 percent for an indefinite number of ye
a. If NCP's current market price is $25.58 per share, what is the stock's expected rate of return?
b. If your required rate of retum is 9.8 percent, what is the value of the stock for you?
c. Should you make the investment?
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