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Coyote Beauty Products just paid a dividend of $10 (i.e., D0 = 10.00). Its dividends are expected to grow at a 5% annual rate forever.
Coyote Beauty Products just paid a dividend of $10 (i.e., D0 = 10.00). Its dividends are expected to grow at a 5% annual rate forever. If you require a 12% rate of return on investments of this risk level, what is the most you should pay for a share of Coyote's stock?
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