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Dietterich Electronics wants its shareholders to earn a return of 11% on their investment in the company. At what price would the stock need to
Dietterich Electronics wants its shareholders to earn a return of 11% on their investment in the company. At what price would the stock need to be priced today if Dietterich Electronics had a a. $0.30 constant annual dividend forever? b. $0.80 constant annual dividend forever? c. $1.80 constant annual dividend forever? d. $3.40 constant annual dividend forever? a. The value of the stock for an investor who wants a return of 11% with a constant annual dividend of $0.30 forever is: I (Round to the nearest cent.)
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