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Common stock value Variable growth Newman Manufacturing is considering a cash purchase of the stock of Grips Tool. During the year just completed, Grip earned
Common stock value Variable growth Newman Manufacturing is considering a cash purchase of the stock of Grips Tool. During the year just completed, Grip earned ss.Ur per share and paid cash dividends of $1.37 per share (D $1.37). Grips earnings and dividends are expected to grow at 25% per year for the ne 3 years, after which they are expected to grow 9% per year to infinity. What.is the maximum price per share that Newman should pay for Grips it it has a requil
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