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Consider a firm that had been priced using a 13.5 percent growth rate and a 15.5 percent required return. The firm recently paid a $2.50
Consider a firm that had been priced using a 13.5 percent growth rate and a 15.5 percent required return. The firm recently paid a $2.50 dividend. The firm has just announced that because of a new joint venture, it will likely grow at a 14.0 percent rate How much should the stock price change (in dollars and percentage)? (Do not round intermediate calculations Round your final answer to 2 decimal places.) Change in stack price 0-0% Change in stock percent
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