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Common stock value Variable growth Personal Finance Problem Home Place Hotels, Inc. is ontering into a 3 year remodeling and expansion project The construction will

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Common stock value Variable growth Personal Finance Problem Home Place Hotels, Inc. is ontering into a 3 year remodeling and expansion project The construction will have a limiting effect on earnings during that time, but when it is completo, it should allow the company to enjoy much improved growth in oamings and dividends Last year, the company paid a dividend of S430 It expects zoro growth in the next year in years 2 and 3.6% growth is expected, and in yoar 4 18% growth in year 5 and thereafter growth should be a constant 9% per your What is the maximum price per share that an investor who requires a return of 15% should pay for Home Place Hotels common stock? CODE The maximum price por share that an investor who requires a return of 15% should pay for Home Place Hotels common stock is $ (Round to the nearest cont)

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